Oil prices gained again Thursday and Asian shares were mostly lower as a de-escalation of the Iran war remains uncertain.
Brent crude, the international standard, rose 1.5% to $98.72 per barrel. It was below $95 on Wednesday.
Benchmark U.S. crude was 2% higher at $92.16 a barrel.
The rise in oil prices came as Tehran Wednesday dismissed a ceasefire plan by the U.S., after the Trump administration offered a 15-point proposal to Iran and the American president this week delayed a self-imposed deadline to “obliterate” its power plants in order to force Iran to reopen the Strait of Hormuz.
On Thursday, Tokyo’s Nikkei 225 was down 0.8% to 53,343.25. South Korea’s Kospi lost 3.3% to 5,458.37. Hong Kong’s Hang Seng fell 1.9% to 24,855.12.
Source: AP news
