
Oil prices declined on Tuesday after President Donald Trump said he had postponed a planned military strike on Iran following requests from leaders in the Middle East, easing fears of an immediate escalation in the Middle East.
Brent crude fell more than 2% to around $109 per barrel, while WTI dropped to nearly $107. Trump said the attack was delayed to allow more time for discussions with Iran, though he warned that further action remains possible.
Despite the pullback, markets continue pricing in ongoing supply disruption risks in the region, particularly around the Strait of Hormuz. Shipping flows remain significantly below normal levels, keeping concerns about global crude supply tightness elevated.
On Monday, the Nasdaq declined 0.5% and the S&P 500 slipped 0.08%, while the Dow Jones managed to rise 0.3%. The pullback comes after U.S. indices recently hit fresh record highs.
Asia-Pacific markets mostly traded higher on Tuesday. Japan’s economy grew an annualized 2.1% in the first quarter, beating expectations of 1.7%, though the data does not yet reflect the full impact of the Iran war. Japan’s Nikkei pared earlier gains to trade flat, while the Topix rose 0.6%. South Korea’s markets underperformed, with the Kospi falling nearly 3.9% and the Kosdaq down 3.4%.
Gold prices continued falling on Tuesday, staying near their lowest levels since late March, as a stronger U.S. dollar and expectations for tighter Federal Reserve policy pressured the precious metal.
Markets have largely ruled out Fed rate cuts for the rest of 2026 and are increasingly pricing in the possibility of a rate hike later this year due to rising energy prices and inflation concerns. Investors are now focusing on upcoming FOMC minutes and further Middle East developments for additional direction, though the overall outlook for gold remains tilted to the downside.
Tags
Open Live Account
Please enter a valid country
No results found
No results found
Please enter a valid email
Please enter a valid verification code
1. 8-16 characters + numbers (0-9) 2. blend of letters (A-Z, a-z) 3. special characters (e.g, !a#S%^&)
Please enter the correct format
Please tick the checkbox to proceed
Please tick the checkbox to proceed
Important Notice
STARTRADER does not accept any applications from Australian residents.
To comply with regulatory requirements, clicking the button will redirect you to the STARTRADER website operated by STARTRADER PRIME GLOBAL PTY LTD (ABN 65 156 005 668), an authorized Australian Financial Services Licence holder (AFSL no. 421210) regulated by the Australian Securities and Investments Commission.
CONTINUEImportant Notice for Residents of the United Arab Emirates
In alignment with local regulatory requirements, individuals residing in the United Arab Emirates are requested to proceed via our dedicated regional platform at startrader.ae, which is operated by STARTRADER Global Financial Consultation & Financial Analysis L.L.C.. This entity is licensed by the UAE Capital Market Authority (CMA) under License No. 20200000241, and is authorised to introduce financial services and promote financial products in the UAE.
Please click the "Continue" button below to be redirected.
CONTINUEError! Please try again.