World Shares Mostly Gain and Oil Prices Slip as the US Raises Pressure on Iran
Asian stocks advanced as investors weighed fresh U.S. sanctions on Iran, while Brent crude slipped 0.6% to $90.04 a barrel.
- Asian shares rose on Tuesday as oil prices slipped following new U.S. sanctions against Iran announced by Treasury Secretary Scott Bessent, who warned countries persisting in trade with the Islamic Republic would face retaliation.
- Bessent's Monday sanctions announcement drove Iran's currency, the rial, to a record low against the U.S. dollar as Washington threatened retaliation against countries continuing trade with Tehran.
- Brent crude fell 0.6% to $90.04 per barrel early Tuesday, while U.S. Treasury yields eased to 4.71% from 4.74% late Friday after the Treasury Department announced expanded buybacks.
- Investors await Nvidia's quarterly earnings report on Wednesday following a 2.9% drop on Monday amid concerns that artificial intelligence demand might falter and send tech prices too high.
- Federal Reserve Chairman Kevin Warsh will speak on Friday at an economic symposium in Jackson Hole, Wyoming, where analysts expect him to discuss inflation and policy plans.
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Asian shares are mixed and oil prices hold steady as the US raises pressure on Iran - Regional Media News
BANGKOK (AP) - Asian shares were mostly lower Tuesday after U.S. stocks drifted to a mixed finish ahead of potentially market-moving events later in the week. Regional benchmarks traded in a narrow range and U.S. futures were nearly unchanged. Oil prices were little changed after U.S. Treasury Secretary Scott Bessent announced fresh sanctions against Iran and warned that countries persisting in doing business with the Islamic Republic would face…
Stocks advance, oil eases as markets weigh fresh US pressure on Iran
WEB DESK: Global stock markets edged higher on Tuesday while oil prices retreated as investors considered Washington’s renewed push to economically isolate Iran, with attention also turning to upcoming earnings from chip giant Nvidia. The developments come as the conflict involving Tehran entered its sixth month, with US Treasury Secretary Scott Bessent announcing what he described as an “economic D-Day” against the Islamic Republic. He warned t…
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