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Oil Prices Hold Steady but Wall Street and Global Markets Higher Despite Doubts About US-Iran Talks
Tokyo and South Korea led gains as Brent crude slipped 0.4% amid doubts over U.S.-Iran talks, investors said.
- On Tuesday, Asian shares were mostly higher while oil prices slipped, as markets reacted to the latest rise in U.S.-Iran tensions surrounding the Persian Gulf.
- A ceasefire agreement between the United States and Iran is scheduled to expire Tuesday at 8 p.m. Eastern time, with negotiations in doubt after the United States Navy seized an Iranian-flagged cargo ship.
- SoftBank Group Corp jumped 8.5% as investors anticipated windfalls from artificial intelligence, while Tokyo's Nikkei climbed 0.9% on strong tech gains.
- Vice President Vance will visit Islamabad for talks with Iran, while President Donald Trump has demanded that vessels transit the Persian Gulf unimpeded.
- Nearly nine out of 10 companies that have reported earnings for January-March posted bigger profits than analysts expected, according to FactSet, supporting the market despite war fears.
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The Toronto Star+11 Reposted by 11 other sources
Oil prices hold steady but Wall Street and global markets higher despite doubts about US-Iran talks
Wall Street followed global markets higher and oil prices were flat Tuesday as U.S.-Iran talks aimed at ending the war remained in doubt.
·Toronto, Canada
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Coverage Details
Total News Sources22
Leaning Left4Leaning Right1Center16Last UpdatedBias Distribution76% Center
Bias Distribution
- 76% of the sources are Center
76% Center
L 19%
C 76%
Factuality
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