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Latin Times
Latin Times
Business
Agence France-Presse (AFP)

Oil Prices Hit By Easing Middle East Fears, Most Asian Markets Rise

Oil prices are being supported by worries about the Middle East crisis, though the gains have been tempered by healthy output from key producers. (Credit: AFP)

Oil prices tumbled Tuesday after a report said Israeli Prime Minister Benjamin Netanyahu had told US President Joe Biden he would not strike Iran's crude or nuclear facilities in retaliation for a missile attack earlier this month.

The sell-off came as the commodity is also hit by worries about China's economic outlook after Beijing failed to announce any new stimulus at a weekend briefing.

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