Asian Shares Mixed and Oil Prices Decline Amid US-Iran Tensions

Asian shares traded mixed on Tuesday, following a modest decline on Wall Street the previous day. The movements came amid uncertainties in talks to end the conflict between the United States and Iran. S. 66 per barrel. 54, driven by gains in technology-related companies.

4%, while SoftBank Group Corp. 5%. 7%.

Declines in Other Markets Hong Kong's Hang Seng

28. 80. S. Navy's seizure of an Iranian-flagged cargo ship. Officials announced that the vice president would travel to Islamabad, but the Iranian side made no commitment to more talks. Oil prices had risen on Monday due to heightened tensions but remained below earlier peaks, with Brent crude staying under $119 per barrel.

Investor concerns focused on potential disruptions to oil supplies from the Persian Gulf if Iran continues to block tankers in the Strait of Hormuz.

Wall Street Performance and Corporate Updates

3%. The S&P 500 remained above its pre-war level. 2% after American stated it was not interested in a merger with United. 4% following an announcement that QXO would acquire it in a deal valued at roughly $17 billion. The acquisition is expected to position the combined entity as the continent's second-largest publicly traded building products distributor.

1%.

Earnings Reports and Currency Movements U.S.

companies reported strong profits for the first quarter of 2026, supporting market stability. About 10% of S&P 500 companies have released results, with nearly 90% exceeding analysts' expectations, according to FactSet. If trends continue, overall earnings per share for the index are estimated to rise 13% from the previous year.

Companies scheduled to report this week include UnitedHealth Group on Tuesday, Tesla on Wednesday, and Procter & Gamble on Friday. S. 1789. m. Eastern time on Wednesday, which is early Wednesday in Tehran time. The S&P 500's performance has been bolstered by robust corporate earnings amid broader economic resilience.