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The Independent UK

National

Chan Ho-Him

Markets slide as Trump-Iran tensions rattle oil prices and stocks

Iran Oil United States Donald Trump GameStop

Asian stock markets saw declines on Tuesday, mirroring losses on Wall Street as US equities retreated from recent record highs. Oil prices, after an earlier surge, fell back amid escalating tensions in the ongoing conflict between the US and Iran.

The fragile ceasefire between the US and Iran faced significant challenges on Monday. The US military reported sinking six Iranian small boats, which it claimed were targeting civilian vessels.

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