Oil prices edged up slightly on Monday, but remained close to pre-war levels.
Asian stocks were mixed and oil prices edged up as reports said the United States and Iran had agreed to stop attacking each other following a weekend of strikes that threw their fragile truce into question.
Investor confidence remains shaky after last week's rollercoaster ride that saw markets whipsaw on the Middle East crisis and growing concerns about a tech bubble fuelled by the AI boom.
While there is an expectation that Washington and Tehran will finalise a deal to end their conflict and reopen the Strait of Hormuz, the process has been fraught with tensions between the long-time foes.
The two have traded strikes in recent days, disrupting shipping through the vital waterway and fanning concerns Iran will shut it down again.
