Asian Shares Advance On Optimism Over US-Iran Peace Talks

Asian stocks advanced on Monday as hopes for a U.S.-Iran peace deal sent oil prices sharply lower and eased inflationary concerns.Hopes for a potential deal to end a nearly three-month-long Iran war grew after reports suggested that the U.S. and Iran are working toward a deal to extend their fragile ceasefire by 60 days and reopen the Strait of Hormuz. Despite signs of progress in talks, the two s…