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Crude extends gains as Trump considers latest Iran proposal

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Iranian Foreign Minister Abbas Araghchi (L) met Russian President Vladimir Putin in Saint Petersburg

Iranian Foreign Minister Abbas Araghchi (L) met Russian President Vladimir Putin in Saint Petersburg

Oil prices edged up and stocks wavered Tuesday as Donald Trump weighed an Iranian proposal that would reportedly re-open the Strait of Hormuz and end the eight-week-old war.

Investors were also gearing up for key central bank meetings and earnings reports from Wall Street giants this week.

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Japan's Prime Minister Sanae Takaichi will meet top Vietnamese leaders in Hanoi on Saturday, with Japanese media saying she will make a speech touting a "free and open" Indo-Pacific region. 

Originally published on doc.afp.com, part of the BLOX Digital Content Exchange.

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