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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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Free Malaysia Today News
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.
·Quezon City, Philippines (the)
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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...
·Brussels, Belgium
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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.
·New Delhi, India
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Associated Press News+28 Reposted by 28 other sources
Global shares mostly drop amid Iran war worries and surging oil prices
Global shares are trading mostly lower as optimism encouraged by a record rally on Wall Street clashed with pessimism over oil prices and a potential AI bubble.
·New York, United States
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Total News Sources43
Leaning Left14Leaning Right7Center17Last UpdatedBias Distribution45% Center
Bias Distribution
- 45% of the sources are Center
45% Center
L 37%
C 45%
R 18%
Factuality
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