💨 Abstract

Oil prices surged on Tuesday due to uncertainty over a potential US-Iran agreement to end the Middle East conflict. Brent crude rose above $100 per barrel. Stock markets were mixed, with Asian markets gaining but European and US markets showing little change. The economic impact of the war is evident, with the eurozone's PMI indicating slowed business activity and rising energy prices. Airlines like Lufthansa and Air France have extended flight suspensions due to the Strait of Hormuz closure.

Courtesy: AFP