Asian stocks fell on Monday after weekend negotiations between the United States and Iran aimed at ending six weeks of war concluded without an agreement.
"They have chosen not to accept our terms," U.S. Vice President JD Vance said in a brief news conference but left open the possibility that terms could still be reached.
Iran said that "unreasonable U.S. demands" prevented the progress of the negotiations. Adding to investor anxiety, President Donald Trump said the U.S. Navy will blockade the Strait of Hormuz until Iran relents.
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May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.