Stock markets had originally rebounded on Monday said Trump said he would hold off strikes on Iran.

Trump's statement sent oil lower, while equities jumped. Still, the recovery on Tuesday suggests lingering skepticism over Trump signaling a de-escalation.

Stock markets had originally rebounded on Monday said Trump said he would hold off strikes on Iran.

The US president said talks to end the war are underway with Iran - a claim that officials in Tehran have disputed.

Markets in Asia and Europe move higher, while crude hovers at about $100 a barrel amid cautious optimism

Brent crude tops $104 a barrel as hopes fade for deescalation in US-Israel war on Iran.