Oil prices rise, Asia stocks drift amid US-Iran stalemate

Oil prices rose on Tuesday as negotiations between the U.S. and Iran over a peace deal and the ​reopening of the Strait of Hormuz hit an impasse, while Asian shares drifted on protracted uncertainty over the global inflation outlook.

Aug 11, 2026 - 05:00
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Oil prices rise, Asia stocks drift amid US-Iran stalemate
Oil prices rose on Tuesday as negotiations between the U.S. and Iran over a peace deal and the ​reopening of the Strait of Hormuz hit an impasse, while Asian shares drifted on protracted uncertainty over the global inflation outlook.

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