Asian stocks rise and oil price slips amid hopes of US-Iran peace deal - business live

Rolling coverage of the latest economic and financial newsBrent crude, the international benchmark for oil, is heading towards one of its biggest monthly drops ever as it nears a fall of 17% since the start of May.The market is hopeful that a US-Iran deal, which would extend the ceasefire by 60 days and reopen the strait of Hormuz, will materialise.Whilst the geopolitical headlines provided the main boost to markets yesterday, they got further support after the latest US PCE inflation print was...