Stocks rose and oil declined after President Donald Trump signaled a willingness to resume talks with Iran, boosting expectations for a potential deal that will ease tensions in the Middle East.
The MSCI All Country World Index climbed 0.4%, heading for an eighth day of gains that would be its longest winning streak since September.
Asian shares followed Wall Street higher, led by technology firms, with the regional gauge rising 1.7% on optimism that easing tensions will lower oil prices and support economic growth.
European shares were also set for a stronger open. Brent crude fell 1.5% to $97.90 a barrel on signs Washington and Tehran may revive peace talks even after the start of a US blockade of the Strait of Hormuz.
The dollar weakened against most of its Group-of-10 peers, while Treasuries edged higher as lower oil prices eased inflation concerns.
