Global Markets React Amidst Middle East Conflict Talks

US markets slightly declined, while oil prices rose due to ongoing Middle East conflict, despite President Donald Trump's statements about progress in talks with Iran. Amid rising energy costs and global economic concerns, global markets exhibited cautious optimism, influenced by regional stock variances and corporate merger discussions.

In a tumultuous start to the week, US markets experienced a slight dip on Tuesday, as oil prices surged, reflecting the persistent crisis in the Middle East. President Donald Trump's claim of progress in negotiations with Iran did little to ease market tensions, with key indices showing minimal fluctuations before the bell.

Meanwhile, the conflict further escalated with heavy airstrikes and missile exchanges, as Tehran maintained a strong grip on the Strait of Hormuz. This strategic waterway remains a critical point of concern, affecting international shipping and sending energy prices soaring.

In corporate developments, Estee Lauder and Spain's Puig confirmed merger discussions, underscoring a broader industry trend. Despite contrasting market performances across regions, with notable gains in France and Japan, global economic apprehensions persist due to the volatile oil market and geopolitical uncertainty.

(With inputs from agencies.)