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Tech Stocks Retreat, Oil Dips After Trump Holds Off on Iran Attack

Tech shares fell as investors weighed diplomacy signals that pushed Brent crude to $110 a barrel and kept inflation worries elevated.

Summary by Al-Monitor
Asian markets wavered Tuesday, with tech stocks leading losses as investors tracked easing oil prices and cautious optimism over a potential US-Iran deal.South Korea's Kospi slid by more than 3.0 percent, as tech stocks lost ground tracking an overnight slump on Wall Street.But it was the energy markets that drew attention after US President Donald Trump signalled "serious negotiations" with Tehran and called off planned strikes, boosting optimi…

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Tech stocks retreat, oil dips after Trump holds off on Iran attack

·France
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Oil slips, stocks in Asia rise on Iran optimism

Brent crude oil dropped 2.7% to around $109 a barrel after Trump said plans for a strike on Iran were called off following appeals from Persian Gulf allies, adding that “serious negotiations are now taking place.”

·India
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  • 34% of the sources lean Left, 33% of the sources are Center, 33% of the sources lean Right
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Al-Monitor broke the news in Washington, United States on Monday, May 18, 2026.
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