Oil prices fell and Asian stocks rose on Tuesday as markets bet that the US and Iran would resume negotiations before their fragile two-week ceasefire expired, even as Tehran remained uncommitted to attending fresh talks and both sides traded accusations of violating the truce.
Brent crude slipped 0.4 per cent to $95.09 a barrel and US West Texas Intermediate fell 1.7 per cent to $88.07, pulling back after both benchmarks surged more than $5 a barrel in the previous session amid rapidly shifting signals over whether talks would resume and whether ships could navigate the Strait of Hormuz.
