Oil rises, stocks swing as peace talk hopes wobble
Hong Kong, Apr 27, 2026 (AFP) – Oil prices rose Monday while stocks were mixed with the United States and Iran no closer to ending their eight-week-old war after Donald Trump cancelled his envoys’ trip for peace talks at the weekend. Hopes that the two sides could make progress during negotiations in Pakistan were dashed Saturday by the US president, who said there was no point “sitting around talking about nothing”. He said on Fox News that he told his team: “We have all the cards. They can call us anytime they want, but you’re not going to be making