Oil Prices Soar Amid Middle East Violence

Oil prices jumped more than 2% on Tuesday as recurring violence in the Iran war added to uncertainty over its future. The increased tensions between countries affected global markets, causing world shares to skid.

The online fast-fashion retailer Shein fell by as much as 10% after it began trading in Hong Kong, eventually closing 4% lower.

Investors are closely monitoring the situation in the Middle East, which has been marked by increased violence in recent days. The conflict's impact on global markets and oil prices is a significant concern for investors.