World shares were mostly higher on Monday and oil prices fell nearly 7 per cent after the US and Iran held back from further fighting and discussed a possible return to negotiations on an interim ceasefire deal. The move eased market worries after nearly two weeks of escalating tensions linked to Iran's firing at ships trying to pass through the Strait of Hormuz.advertisementRead Full StoryMarkets reacted with relief across regions. US futures rose early on Monday, while Brent crude, the international benchmark, fell 6.8 per cent to USD 85.49 a barrel. US benchmark crude dropped 7 per cent to USD…