Stocks fall and oil prices gain after Trump warns the Iran ‘clock is ticking’

Stocks fell and oil prices rose after US President Donald Trump warned Iran that the 'clock is ticking' as negotiations over a permanent end to the war stall. Asian stocks mostly retreated, with Tokyo's Nikkei 225 falling 0.9% and Hong Kong's Hang Seng losing 1.6%. Oil prices jumped, with Brent crude gaining 1.9% to $111.31 per barrel.