Oil Falls, Asian Stocks Climb On Hopes Of US-Iran Hormuz Deal

Oil prices fell, and Asian stocks climbed on Monday over hopes that a deal between the United States and Iran to open the Strait of Hormuz could be brokered.

The price of North Sea Brent crude and West Texas Intermediate slipped close to five percent to $99.41 and $92.49 a barrel, respectively.

The United States and Iran appear closer than ever to a deal that would end the war that has…