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Global oil prices were creeping back toward the $100 a barrel mark on Tuesday.
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There's a high chance the Chinese government is injecting petroleum from a strategic supply into the market, Rory Johnston wrote in a recent Commodity Context newsletter.
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Optimism for a resolution to the conflict and the reopening of the Strait of Hormuz was checked after the United States said it had carried out strikes on missile launch sites in Iran.
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Ferrari shares fall 7% after luxury carmaker launches first fully electric vehicle CNBCFerrari unveils Luce its first fully electric car BBCFerrari Launches $640,000, Jony Ive-Designed, Glass-Clad Electric Speedster WSJFerrari unveils its first electric car - and it comes with a $640,000 price tag CNN
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Asian Stocks Set to Extend Gains on US-Iran Hopes: Markets Wrap Bloomberg.comOil Prices Drop on Prospect of Iran Deal, but Investors Aren't Celebrating Yet WSJOil prices mixed as U.S. military strikes against Iran cloud Middle East peace prospects CNBCWhat happens when the war really ends CNN
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Global oil price gains 3% as US military strikes on Iran add to peace deal uncertainty ReutersThe new oil order that could emerge from an Iran deal AxiosWhat happens when the war really ends CNNOil prices fall 7% after Trump says Iran talks are 'proceeding nicely' CNBC
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Property prices in Shanghai, in particular, are rebounding, but the national market still faces an enormous overhang — 90 million empty or unfinished apartments.
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