Asian stocks rose on Friday while the U.S. dollar hovered near six-week highs. Investors are hopeful for a breakthrough in U.S.-Iran talks.
The risk of a near closure of the Strait of Hormuz keeps oil prices elevated. Brent crude rose 2% to $104.71 a barrel, while WTI traded at $98.01.
U.S. Secretary of State Marco Rubio noted "some good signs" in talks but acknowledged remaining differences over Iran's uranium stockpile and the waterway.
MSCI's Asia-Pacific index gained 0.3%, Japan's Nikkei rose 2%. U.S. and European futures also pointed higher.
Analysts highlight an unusually strong link between oil prices and global rates, suggesting central banks may need to keep policy tighter for longer.
The euro edged down to $1.1614, near a six-week low. The yen stood at 159.11 per dollar.
