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Iran says talks with Oman over reopening the Strait of Hormuz are nearing their final stages, but that reopening the waterway depends on further conditions and compensation for what Tehran calls violations of the June agreement. Iran has issued new demands, including that the US

Asian shares tumble with South Korea’s Kospi down nearly 10%Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy.It’s a gloomy start to the week as attacks between the US and Iran in the Gulf continue. Tehran said it had closed the strait of Hormuz, while Donald Trump insisted the key shipping passage remained open and US officials said 20 ships were escorted through the waterway in the past 24 hours.For now, we remain hopeful that