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The Independent UK
The Independent UK
National
Elaine Kurtenbach

Oil prices jump as fighting flares in the Middle East, while AI-led retreat pulls Asian stocks lower

Oil Middle East United States
South Korea Financial Markets - (Copyright 2026 The Associated Press. All rights reserved.)

Oil prices climbed early Tuesday as fighting intensified in the Middle East, while Asian shares declined, dragged lower by losses for artificial-intelligence stocks.

The price of Brent crude climbed to just over $84 a barrel after soaring nearly 10% on Monday. U.S. benchmark crude was up 1.4% at $79.20 a barrel.

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