May 11, 2026 9:41 AM
Global share futures wobble, dollar gains as Gulf talks teeter
The dollar climbed in Asia on Monday on signs that talks between the United States and Iran were deadlocked, leaving the vital Strait of Hormuz all but shut and sending oil prices higher. U.S. stock futures wobbled and in Asia gains in a handful of AI-related stocks lifted share markets in Tokyo and Seoul. President Donald Trump on Sunday rejected Iran's response to a U.S. proposal for peace talks to end the war, saying Tehran's demands were "totally unacceptable." An Iranian plan sent to the...