Meanwhile, President Vladimir Putin told Iran’s Foreign Minister Abbas Araghchi that Russia would do everything it could to halt the Middle East war, as the two met in Saint Petersburg.
Oil prices extended gains on Tuesday, with Brent heading back towards US$110 a barrel, while stock markets struggled.
Tokyo, Hong Kong, Shanghai and Sydney led losses, though there were gains in Seoul, Singapore, Taipei and Jakarta.
That came after the S&P 500 and Nasdaq once again hit record highs in New York.
IG analyst Tony Sycamore pointed out that Tehran could be more willing to strike a deal soon, as its ageing storage facilities were expected to hit maximum capacity this week.
He added that „if forced shut‑ins follow, Tehran risks irreversible long‑term damage to its reservoirs and a serious hit to future production and revenue streams“.
However, he said that while Iran’s latest offer was positive, „it is hard to see the US accepting anything less than a comprehensive deal that both opens the Strait of Hormuz and addresses Iran’s nuclear weapons programme“.
Focus is also on a host of central bank meetings this week, with the Bank of Japan seen holding pat on interest rates later on Tuesday.
The Federal Reserve, European Central Bank and Bank of England are expected to follow suit amid growing concerns about a fresh spike in inflation caused by the surge in energy costs.
Tech giants Apple Meta Platforms and Microsoft are also due to report, as are older industrial companies including Ford and ExxonMobil.
