Oil prices rose in early Asian trade on Tuesday as negotiations to end the war between the United States and Iran appeared fragile, with Tehran's response to a US proposal highlighting stark differences that kept supply concerns alive.

RHB Investment Bank Bhd (RHB Research) has identified Kossan Rubber Industries Bhd and Cloudpoint Technology Bhd as technical stock picks after both counters signalled bullish breakouts supported by stronger momentum.

British stocks traded cautiously higher on Monday as U.S.-Iran ceasefire diplomacy hit a wall over the weekend, with energy stocks cushioning the blow from renewed geopolitical tensions after U.S. President Trump dismissed Tehran’s peace proposal as "totally unacceptable."

European stocks were mixed on Monday, with investors cautiously assessing President Donald Trump's comments over the weekend that Iran's response to a U.S. peace proposal was "TOTALLY UNACCEPTABLE."

Japan stocks were lower after the close on Monday, as losses in the Paper & Pulp, Transport and Communication sectors led shares lower.

At the close in Tokyo, the Nikkei 225 declined 0.49%.

Most Asian currencies fell on Monday as stalled U.S.-Iran peace talks dampened risk appetite, although the Chinese yuan found some support after domestic inflation data came in firmer than expected.