Global shares mostly drop amid Iran war worries and surging oil prices
Oil prices climbed as war fears and Strait of Hormuz disruptions raised inflation risks, with Brent crude above $105 a barrel, analysts said.
- Asian shares traded mixed early Tuesday as optimism from a record Wall Street rally clashed with anxiety over surging oil prices and a possible AI bubble.
- President Donald Trump remarked on Monday that the ceasefire with Iran was "on life support," citing disagreements over lifting the U.S. naval blockade and resuming Iranian oil sales.
- Brent crude futures rose 1.9 percent on Tuesday to $106.21 per barrel as Tehran reiterated control over the Strait of Hormuz, through which approximately 20% of the world's oil transits.
- Market participants are monitoring President Trump's upcoming meeting with Chinese President Xi Jinping on Wednesday, following Washington's sanctions on three individuals and nine companies for facilitating Iranian oil shipments to China.
- Trump suspended "Project Freedom"—an operation allowing vessel passage through the Strait of Hormuz—last week ahead of Iran's response, while Saudi Aramco CEO Amin Nasser warned disruptions could delay market stability until 2027.
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43 Articles
ABS-CBN
Free Malaysia Today NewsOil prices advance, stocks mostly fall on US-Iran deadlock
The lack of progress means the Strait of Hormuz remained largely closed to tanker traffic.
In Brussels, Bel20 was losing 1.19%. European stock exchanges opened in the red on Tuesday, in a context of high energy prices and deadlock...
The Express Tribune
Oil prices rise as fragile US-Iran talks sustain supply worries
Oil prices rose nearly 1% on Tuesday as talks to end the US-Israeli war on Iran appeared fragile, with Tehran's response to a Washington proposal highlighting stark differences that have kept supply concerns alive. Brent crude futures were up 86 cents, or 0.8%, at $105.07 per barrel, while US West Texas Intermediate gained 99 cents, or 1%, to $99.06 at 0411 GMT. Both benchmarks increased nearly 2.8% on Monday. US President Donald Trump on Mon…
Crude oil prices extend gains amid uncertainty over US-Iran negotiations. What's near-term outlook?
US-Iran war: MCX crude oil prices rose less than a percent to ₹9,449 per barrel on Tuesday. Here's what's behind the rally, along with experts opinion on near-term outlook.
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