Japan, South Korea stocks hit more records, as oil gains on Iran war ending fragility (opens in new tab)

Stock markets in Japan and South Korea hit fresh record highs Monday on enthusiasm over the artificial intelligence boom and 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 ...