Oil prices fell in early Asian trade on Tuesday as signs of potential U.S.-Iran dialogue to end their war reduced concerns about supply risks stemming from the U.S. blockade of the Strait of Hormuz.

Asian stock markets climbed in broad-based buying on Tuesday, buoyed by strong gains in technology and chip stocks, while investors also digested weaker-than-expected trade data from China.

Kumho Tire has supplied its electric vehicle (EV) tires for Skoda’s two all-electric models, further expanding its presence in the European tire market, the Korean tire maker said Monday.

Malaysia’s natural rubber (NR) production declined significantly in February 2026, reflecting weaker output amid continued volatility in the sector, according to data released by Department of Statistics Malaysia.

 Most Asian currencies weakened on Monday, while the dollar caught safe haven bids after U.S.-Iran peace talks fell through and as Washington prepared to blockade Tehran’s ports. 

he Middle East war will dominate global finance officials’ talks this week in Washington, but World Bank President Ajay Banga is sounding the alarm about a bigger, looming crisis: a huge gap in jobs for the 1.2 billion people who will reach working age in developing countries in the next 10 to 15 years.