Oil prices fell on Tuesday after Israel and Iran agreed to halt strikes against each other, even as the Israeli military issued new warnings against the Iran-backed militia Hezbollah in southern Lebanon.
The pledge by the countries to stop attacks eased fears of a broader regional conflict that flared on Monday. The countries had engaged in tit-for-tat strikes, starting over the weekend, threatening to unravel an already fragile, two-month cease-fire.
Technology stocks rebounded across Asia after a brief pause in the rally fueled by enthusiasm for artificial intelligence. South Korea’s benchmark KOSPI index, one of the world’s best-performing major stock markets this year, surged more than 8 percent, snapping a three-session losing streak.
