Global Market Today: Asian stocks advance, oil gains on Iran deadlock

Asian stocks advanced, buoyed by continued optimism in the AI sector, even as US-Iran peace talks faltered. Oil prices climbed, with West Texas Intermediate holding above $98 a barrel. Higher oil prices contributed to rising Treasury yields, as investors priced out Fed rate cuts this year.

May 12, 2026 - 06:00
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Global Market Today: Asian stocks advance, oil gains on Iran deadlock
Asian stocks advanced, buoyed by continued optimism in the AI sector, even as US-Iran peace talks faltered. Oil prices climbed, with West Texas Intermediate holding above $98 a barrel. Higher oil prices contributed to rising Treasury yields, as investors priced out Fed rate cuts this year.

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