Market still hopeful for US-Iran peace talks, Asian stocks mostly close higher
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International oil prices fell and Asian stock markets generally rose amid hopes for peace talks between the US and Iran to end the Middle East conflict and reopen the Strait of Hormuz, despite Tehran's indecision on attending. As a two-week ceasefire nears its end, the US Vice President expressed readiness for new negotiations in Pakistan. Market optimism was fueled by the view that ending the conflict benefits both sides.