HONG KONG (AP) — Stock markets in Japan and South Korea hit fresh record highs Monday and world shares mostly advanced, as tensions between the U.S. and Iran grew again while investors await a decision on extending the Iran war ceasefire.
Oil prices gained more than 3% as U.S.-Iran negotiations continued, including on the reopening of the Strait of Hormuz, a key waterway for global oil and natural gas transit. The U.S. military said Monday the United States bombed Iranian military sites after Tehran shot down an American drone.
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