(Bloomberg) -- Oil held onto a rally as hopes faded for a deal to reopen the Strait of Hormuz, while Asian stocks were set for a muted start ahead of key US inflation reports.

(Bloomberg) -- Oil extended its gains in early Monday trading as Iran rejected talks with the US and a deal to reopen the vital Strait of Hormuz remained elusive. Asian stocks…

(Bloomberg) -- Oil extended its gains in early Monday trading as Iran rejected talks with the US and a deal to reopen the vital Strait of Hormuz remained elusive.