MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.9%, with South Korea's KOSPI leading regional declines, dropping 3%. US stock futures also pointed to a weaker open, with S&P 500 futures down 0.

South Korea's benchmark drops 1.7%, Brent crude climbs above $92 a barrel and investors await US inflation data amid renewed Middle East tensions.

The fresh trading of strikes comes amid stalled progress in the peace deal negotiations between Washington and Tehran.

The strikes come despite a ceasefire between Tehran and Washington as the two countries hold peace talks.

LONDON, May 1 (Reuters) – Oil prices dropped on Friday after Iran was reported to have sent a fresh proposal for U.S. negotiations, but prices remained on track for weekly gains, with Tehran still blocking the Strait of Hormuz and the U.S. Navy blocking ...

'rendered': 'Oil prices tumbled on Tuesday as growing optimism over a possible diplomatic breakthrough between Iran and the United States triggered a sharp sell-off in global crude markets, with Brent sliding toward the $91 per barrel mark.

Israel's short-term interest rates could fall at a faster ‌pace if inflation continues to ease as a result of increased optimism over a ceasefire deal with Iran that has pushed down energy prices, Bank of Israel Governor Amir Yaron said on Tuesday.