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The Economic Times
The Economic Times
Business

Global Market Today: Asia stocks edge higher, oil up amid Gulf confusion

SYDNEY: ​Asian share markets tracked Wall Street higher on Monday after a soft U.S. jobs report ​pared the risk of a near-term rise in borrowing costs, though a lack of progress in Gulf peace talks saw oil prices creep higher.

Iran said on Sunday that a deal with Oman defining new shipping lanes in the Strait of Hormuz was in its final stages but ‌reiterated that the waterway ⁠would ⁠only reopen once the United States met other conditions.

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