Stock markets diverged Monday as investors worried about borrowing costs, while oil prices rose as US President Donald Trump ratcheted up pressure on Iran.

Trump told Axios "the clock is ticking" for Iran and warned if the regime doesn't make a better deal "they are going to get hit much harder."

Asian stocks are mostly lower and oil prices have jumped after U.S. President Donald Trump warned Iran that the “clock is ticking” as talks over a permanent end to the war stall.