U.S.-Iran ceasefire talks<\/a> in Pakistan ended without an agreement, and the U.S. military said the blockade involving all Iranian ports would begin Monday at 10 a.m. EDT, or 5:30 p.m. in Iran.<\/p>\nOil prices have been rising as shipping through the strait has essentially stalled since late February. Brent crude oil, the international standard, has gone from roughly $70 per barrel before the war in late February to more than $119 at times.<\/p>\n
On Monday, benchmark U.S. crude jumped $7.12 or 7.4% to $103.69 a barrel. Brent crude, the international standard, rose $7.04 or 7.4% to $102.24 a barrel.<\/p>\n
France\u2019s CAC 40 dropped 1.0% to 8,174.44 in early trading, while the German DAX lost 1.0% to 23,568.65. Britain\u2019s FTSE 100 slipped 0.4% to 10,561.47. U.S. shares were set to drift lower with Dow futures down 0.5% at 47,911.00. S&P 500 futures fell 0.6% to 6,815.50.<\/p>\n
In Asia, Japan\u2019s benchmark Nikkei 225 lost 0.7% to finish at 56,502.77. Australia\u2019s S&P\/ASX 200 shed 0.4% to 8,926.00. South Korea\u2019s Kospi dipped 0.9% to 5,808.62. Hong Kong\u2019s Hang Seng slipped 0.9% to 25,660.85, while the Shanghai Composite was little changed, inching up less than 0.1% to 3,988.56.<\/p>\n
Analysts said global trading was expected to remain turbulent for some time.<\/p>\n
\u201cThe outcome of the talks was not really what people were hoping for, that\u2019s for certain,\u201d Neil Newman, Managing Director, Head of Strategy at Astris Advisory Japan, said in Hong Kong.<\/p>\n
\u201cAs we stand here at the moment, it doesn\u2019t look very nice. Certainly, the oil prices are a big concern.\u201d<\/p>\n
In currency trading, the U.S. dollar gained to 159.65 Japanese yen from 159.25 yen. The euro cost $1.1696, down from $1.1729.<\/p>\n
Associated Press journalist Mayuko Ono contributed to this report.<\/p>\n
Yuri Kageyama is on Threads: https:\/\/www.threads.com\/@yurikageyama<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"By YURI KAGEYAMA, AP Business Writer TOKYO (AP) \u2014 Oil prices resumed their climb and global markets mostly…\n","protected":false},"author":2,"featured_media":265451,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[28],"tags":[23293,93309,23291,67056,92467,23292,74,76,75,23290,7038],"class_list":{"0":"post-265450","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-san-diego","8":"tag-dow-jones-industrial-average","9":"tag-iran-war","10":"tag-nasdaq","11":"tag-new-york-stock-exchange","12":"tag-oil-prices","13":"tag-sp-500","14":"tag-san-diego","15":"tag-san-diego-headlines","16":"tag-san-diego-news","17":"tag-stock-market-today","18":"tag-wall-street"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/265450","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/comments?post=265450"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/265450\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media\/265451"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media?parent=265450"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/categories?post=265450"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/tags?post=265450"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}