Trump says US and Iran having 'very good discussions'

US President Donald Trump said his administration had "very good discussions" with Iran during all-day negotiations on Tuesday, fueling expectations of an imminent end to the five-month conflict. Oil prices fell and stocks jumped in Asian trade after Wall Street hit record highs on hopes of a deal to restore traffic through the blockaded Strait of Hormuz. Qatar's Emir discussed efforts to narrow differences with Tehran, while Iran's foreign ministry spokesperson said talks with Oman over shipping lanes were positive.