Oil Steadies, Asian Stocks Dip Amid Mixed Iran War Signals

• Oil prices stabilized while most Asian stocks declined on Tuesday due to conflicting signals regarding the Iran war.
• Tokyo’s Nikkei 225, South Korea’s Kospi, Hong Kong’s Hang Seng, and Shanghai Composite all saw losses.
• Brent crude futures were slightly down, while benchmark US crude edged up; oil prices have surged over 40% since the war began.
• A drone strike hit a Kuwaiti oil tanker in Dubai, and US Gulf allies urged President Donald Trump to continue pressure on Iran.
• Disruptions at the Strait of Hormuz, a critical oil transit point, continue to impact global energy supplies.