The Latest: World shares and oil prices react to Trump’s warning to Tehran over stalled negotiations (opens in new tab)

World shares mostly retreated and oil prices jumped Monday after U.S. President Donald Trump warned Tehran that the “clock is ticking” as U.S.-Iran negotiations over a permanent end to the war stall. U.S. futures fell and markets in Japan and South Korea pulled back from their records. Also, a drone strike sparked a fire on the edge of the United Arab Emirates’ sole nuclear power plant Sunday in what authorities called an “unprovoked terrorist attack.”