Oil prices rise as US-Iran negotiations hit a roadblock

Oil prices moved higher after renewed signs that U.S.-Iran negotiations may be breaking down, although conflicting statements from President Donald Trump suggest talks are still ongoing. As a result, oil markets continue to experience sharp swings driven by geopolitical headlines.

Meanwhile, U.S. stock futures traded lower after Wall Streets major indices reached record highs on Monday. Despite the pullback in futures, investor sentiment remains supported by strong technology-sector performance.

U.S. stock futures moved lower early Tuesday after all three major Wall Street indices closed at fresh record highs during Mondays session. S&P 500 futures fell 0.37%, Nasdaq 100 futures declined 0.55%, and Dow Jones futures lost more than 200 points, signaling a softer start to trading after a strong rally.

The technology sector remained the primary driver of market gains. Shares of Nvidia helped lift sentiment after the company unveiled a new AI-focused chip for personal computers.

Asia-Pacific markets traded mostly lower on Tuesday as investors reacted to renewed uncertainty surrounding U.S.-Iran peace negotiations, despite strong gains on Wall Street driven by optimism in the technology sector.

Japan led regional declines, with the Nikkei 225 falling 1.3% and the Topix losing 1.1%. South Korean stocks also came under pressure, as the Kospi dropped 1.9%

Looking ahead, market participants will focus on the latest JOLTS Job Openings report, which could provide further clues about the strength of the U.S. labor market and the outlook for Federal Reserve policy.