Asian stocks are trading lower, tracking losses on Wall Street after US stocks fell from record highs

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.

Asian stocks are trading lower, tracking losses on Wall Street after US stocks fell from record highs

Oil prices fell back after rising earlier on escalating tensions in the war between the U.S. and Iran.

Signaling diplomatic efforts for resolving the Middle East crisis were on track, President Donald Trump said the U.S. bid to guide ships out of Strait of Hormuz had been paused.

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

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.

Asia stocks broadly traded lower Friday, as concerns grew over renewed hostilities between Iran and the U.S. amid a fragile ceasefire.