Oil prices climbed on Tuesday as investor sentiment was shaken by U.S. military actions in Iran, despite hopes of an imminent U.S.-Iran peace deal. The Brent futures rose over 2% in Asian markets, reaching $98.21 a barrel, amidst fears of prolonged instability in the Middle East.
The U.S. conducted strikes in southern Iran as defensive measures, while Tehran engaged in talks with Qatar on resolving the ongoing conflict. However, statements from U.S. officials, including Secretary of State Marco Rubio, dampened expectations of a swift resolution.
Market reactions were mixed, with energy concerns influencing global financial trends. Stock indices across different regions showed varying degrees of change, reflecting the complex economic climate shaped by geopolitical tensions and trade uncertainties.
(With inputs from agencies.)
Vernellia R. Randall, Weekly Racial Justice Briefing — May 18–24, 2026 This week’s racial justice…
Bujeti, the Y Combinator-backed Finance Control Centre for African businesses, has launched Bujeti Payroll.…
Prime Cabinet Secretary and Cabinet Secretary for Foreign and Diaspora Affairs Musalia Mudavadi has hailed…
Giants of Africa has reaffirmed its commitment to empowering young people through sport with the…
Karol G arrived at the American Music Awards on Monday night in Las Vegas, donning…
A federal court decision earlier this month could shape who represents Eastern Washington in Olympia…