August 17, 2026 8:28 AM
Asian shares mark time as Gulf war keeps oil prices up
Asian shares drifted sideways on Monday while investors kept a wary eye on oil prices, which notched sizeable gains last week as the lack of progress towards ending the Iran war kept inflation risks tilted to the upside. Progress towards peace talks and oil tanker traffic through the strategic Strait of Hormuz remained halted. Iran on Saturday called on the U.S. to accept defeat, while President Donald Trump urged Americans to accept higher gasoline prices while the conflict continues. At leas...


