GLOBAL MARKETS-Share futures ease, dollar gains

Share futures slipped and the dollar climbed in Asia on Monday on signs that talks between the United States and Iran were deadlocked, leaving the vital Strait of Hormuz all but shut and sending oil prices higher.



President Donald Trump on Sunday rejected Iran's response to a U.S. proposal for peace talks to end the war, saying Tehran's demands were "totally unacceptable."



An Iranian plan sent to the U.S. stressed the need for an end to the war on all fronts and the lifting of sanctions on Tehran, along with reparations and a recognition of Iran's control of the Strait.



Brent oil futures quickly rose 2.8% in early trade to $104.06 a barrel, while U.S. crude gained 2.7% to $97.97 a barrel.