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Oil eases and world shares mixed as Iran war shows no clear de-escalation signs

AP News HONG KONG (AP) — Oil prices eased and world shares were mixed on Tuesday as there were no clear signs of a de-escalation of the Iran war.

In early European trading, Britain's FTSE 100 rose 0.6% to 10,191.75. France's CAC 40 was up 0.5% to 7,810.26, while Germany's DAX was trading 0.8% higher at 22,740.35.

Tokyo’s Nikkei 225 was down 1.6% to 51,063.72. Losses after the Iran war began on Feb. 28 have wiped out the gains it made from the beginning of the year.

South Korea’s Kospi lost 4.3% to 5,052.46. Hong Kong’s Hang Seng edged up 0.2% to 24,788.14,...
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The Latest: Fighting as Israel invades Lebanon kills UN peacekeepers and Israeli troops

AP News Fighting as Israel invades southern Lebanon killed U.N. peacekeepers and Israeli soldiers, officials said Tuesday, as U.S. President Donald Trump and Iranian officials issued contradictory statements about negotiations to end their war.

Israel is trying to push Hezbollah militants, who have fired rockets and drones across the border, out of southern Lebanon in a campaign that Israeli officials suggest could become a prolonged occupation.

The U.N. Security Council is set to discuss the situation after three U.N. peacekeepers were killed in southern Lebanon in less than...
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US strikes a city home to an Iranian nuclear site while Tehran hits oil tanker off Dubai coast

AP News DUBAI, United Arab Emirates (AP) — U.S. strikes hit a city Tuesday that is home to one of Iran’s main nuclear sites, sending a massive fireball into the sky, and Tehran attacked a fully loaded Kuwaiti oil tanker in the Persian Gulf.

The attacks were testament to the intensity of the war more than a month after the U.S. and Israel launched their first strikes. The conflict has left more than 3,000 dead and caused major disruptions to the world’s supply of oil and natural gas. On Tuesday, the average price of gasoline in the U.S. shot past $4 a gallon — just another sign of...
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Gas prices soar past $4 on average for a gallon of regular in the US, the highest since 2022

AP News NEW YORK (AP) — U.S. gas prices jumped past an average of $4 a gallon for the first time since 2022 on Tuesday as the Iran war pushed fuel prices to soar worldwide.

According to motor club AAA, the national average for a gallon of regular gasoline is now $4.02 — over a dollar more than before the war began. The last time U.S. drivers were collectively paying this much at the pump was nearly four years ago, following Russia’s invasion of Ukraine.

The price is a national average, meaning drivers in some states have been paying well over $4 a gallon for a while now...
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Eurovision Song Contest is expanding with an Asian edition later this year

AP News BANGKOK (AP) — The music spectacle Eurovision is holding its first Asian edition in Bangkok later this year.

The Eurovision Song Contest Asia 2026 has confirmed artists from at least 10 countries across Asia competing: Thailand, South Korea, the Philippines, Vietnam, Malaysia, Cambodia, Laos, Bangladesh, Nepal and Bhutan. More are expected to join before the finale in November.

“As we mark the 70th anniversary of the Eurovision Song Contest, it feels especially meaningful to open this next chapter with Asia, a region rich in culture, creativity and talent,” Martin...
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Top Stories

  • Oil eases and world shares mixed as Iran war shows no clear de-escalation signs
  • US strikes a city home to an Iranian nuclear site while Tehran hits oil tanker off Dubai coast
  • European diplomats steer attention to Ukraine with visit on Russian atrocities anniversary
  • Meta, Snapchat, TikTok and YouTube aren't fully complying with child account ban, Australia says
  • Schumer had a plan to win back the Senate. But some Democrats aren't on board
  • For César Chavez supporters, a painful question: What to do with his legacy now
  • Georgia proposal could take DNA swabs from immigrants in custody for minor offenses
  • Federal 'God squad' poised to exempt oil and gas drilling in the Gulf from endangered species rules
  • Seizing Kharg Island would risk US troops' lives and may not end Iran war, experts say
  • China factory activity rebounds in March as Iran war looms over growth

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  • Eurovision Song Contest is expanding with an Asian edition later this year
  • Bruce Springsteen brings 'Streets of Minneapolis' home to launch a political US tour
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