Asia stocks edge higher, oil up amid Gulf confusion

SYDNEY, Aug 10 : Asian share markets tracked Wall Street higher on Monday after a soft U.S. jobs report pared the risk of a near-term rise in borrowing costs, though a lack of progress in Gulf peace talks saw oil prices creep higher.Iran said on Sunday that a deal with Oman defining new shipping lanes in the Strait of Hormuz was in its final stages but reiterated that the waterway would only reopen once the United States met other conditions.Brent crude added 0.9 per cent to $84.32 a barrel as shipping through the vital waterway remained at a trickle, while U.S. crude rose 0.7 per cent to $78.74 a barrel. The latest revival in fuel costs raises the stakes for the U.S. July consumer price report due on Wednesday where analysts look for a rise of 0.1 per cent in the headline and 0.2 per cent