Japan Financial Markets

Oil prices climbed following the latest rise of U.S.-Iran tensions, but the moves were more modest than they were earlier in the war. U.S. stocks meanwhile gave back a bit of their record-breaking rally Monday. The S&P 500 slipped 0.2% from its all-time high. The Dow Jones Industrial Average edged down by less than 0.1%, and the Nasdaq composite fell 0.3%. The price for a barrel of Brent crude oil topped $95 again. The relatively muted moves suggest investors still see a possibility of a U.S.-Iranian agreement that could get oil flowing again from the Middle East to customers worldwide.