Oil prices have fallen sharply and Asian stock markets have risen on hopes of a deal that could bring an end to the US-Israel war with Iran, BBC reported. 

On Saturday, US President Donald Trump said an agreement with Tehran had been "largely negotiated" and details would be announced soon but the following day urged his negotiating team not to rush an agreement.

On Monday morning in Asia, global oil benchmark Brent was down by 5% at $98.36 (£57.10), while US-traded crude was 5.3% lower at $91.50.