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

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Asian stocks mostly retreated and oil prices jumped on Monday (May 18, 2026) after U.S. President Donald Trump warned Tehran that the “clock is ticking” as U.S.-Iran negotiations over a permanent end to the war stall. U.S. futures fell more than 0.6%. Markets in Japan and South Korea pulled further back from their records. Tokyo’s Nikkei 225 fell 0.9% to 60,843.09, a decline led by technology-related stocks, after it reached all-time intraday high levels last week above 63,000. The yield on the 10-year Japanese government bond surged to 2.8%, its highest level since the late 1990s, part of a shift…

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