Global Stock Markets Mixed Amid US-Iran Tensions, Oil Prices Fluctuate

Kathmandu. Amid rising tensions between the United States and Iran, global stock markets were mixed on Tuesday, while oil prices fell again after an initial rise.

Global markets showed cautious trading following a decline in the previous day in the US market. US futures rose by about 0.2 percent.

In European markets, Britain's main index fell 0.8 percent to 10,280.87. France's main index rose 0.6 percent to 8,026.89, while Germany's main index rose 1 percent to 24,232.45.

In Asian markets, trading was low due to public holidays in Japan, South Korea, and China. Hong Kong's main index fell 0.8 percent, while Taiwan's market rose 0.2 percent.

Australia's main index fell 0.2 percent. The country's central bank raised interest rates to 4.35 percent. This decision was made to control inflation as fuel and raw material prices rise due to the conflict in the Middle East.

Meanwhile, the state of ceasefire has weakened as tensions rise in the Strait of Hormuz. The US military stated that Iranian boats were sunk for targeting civilian ships, while two ships flying the US flag safely crossed the route.

Analysts said that oil prices fell again as signs of easing tensions emerged, despite an initial rise in the oil market.