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Oil prices dipped slightly Tuesday after reaching near seven-month highs, as traders closely watched U.S.-Iran nuclear talks and U.S. trade policy uncertainties. Tensions remain high with renewed diplomatic efforts and concerns over potential military conflict, while Ukrainian drone strikes also impacted a key Russian oil pipeline.
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Asian shares declined as AI's impact on profits and tariff uncertainty worried investors. Wall Street saw a significant drop, with tech stocks particularly affected by AI disruption fears. This follows a strong start to the year for Asian markets compared to the US.
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A broad selloff sent all three major U.S. stock indexes more than 1% lower by the closing bell, as risk appetite was dampened by a combination of persistent fears over potential disruption due to emergent artificial intelligence technology and Trump's erratic statements on trade policy, which fueled much of the market volatility during the first year of the president's second term.
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