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The Independent UK
The Independent UK
National
Elaine Kurtenbach

Oil prices rise and stocks waver as Middle East violence flares, adding to uncertainty

Oil United States Iran US Federal Reserve
Japan Financial Markets - (Copyright 2026 The Associated Press. All rights reserved)

Oil prices climbed further and Asian shares were mixed Tuesday as recurring violence in the Iran war after more than a month with no significant fighting heightened uncertainty over the future of the conflict.

Shares in online fast-fashion retailer Shein fell as much as 10% after they began trading in Hong Kong on Tuesday. By midday they were 5% lower.

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