Asian share markets firmed on Monday as the boom in all things AI continued to ​drive demand, offsetting a lack of progress in Gulf peace talks that challenged optimism on a re-opening of the Strait ‌of Hormuz and lifted oil prices.

While negotiators from Washington and Tehran are apparently working to hammer out a deal, President Donald Trump has been notably silent on their progress. Speaking on Saturday, Defense Secretary Pete Hegseth said the U.S. was ready to restart attacks on Iran if a deal could not be reached.