European stock indexes are mixed, pulling back slightly from recent gains, and oil prices have risen after new US strikes in southern Iran dampened investors' hopes a US-Iran peace deal could be imminent.
Market sentiment had turned more positive over the past week, as traders bet on a de-escalation in the US-Israel war on Iran, which has severely disrupted Middle East oil and gas supplies since it began in late February.
But traders re-adjusted this view on Tuesday after the US said on Monday it had carried out what it called defensive strikes in southern Iran.