Stocks in Asia slid Tuesday while oil prices eased but remained well above $100 a barrel, amid renewed hostilities between the U.S. and Iran.

Oil prices declined on Tuesday, retreating from sharp gains in the previous session.

Stocks in Asia slid Tuesday while oil prices eased but remained well above $100 a barrel, amid renewed hostilities between the U.S. and Iran.

President Donald Trump raised hopes of an agreement between the US and Iran after days of escalation.

Global oil prices plummeted and financial markets rallied after Washington paused a bid to reopen the Hormuz Strait to give peace negotiations a chance

Oil prices rose Thursday, as investors continue to assess the latest developments in the Middle East amid concerns over renewed tensions between Iran and the U.S.

Wall Street saw even sharper swings earlier in the war, when hopes rallied for a reopening of the Strait of Hormuz, only to get quickly dashed.

Oil prices jumped on Friday after the U.S. and Iran exchanged fire in the Strait of Hormuz, raising fresh fears that the fragile ceasefire between the two countries is rapidly…