Global stocks struggled on Tuesday while oil prices held well above $100 a barrel, as renewed hostilities between the United States and Iran around the Strait of Hormuz kept investors on edge and raised fresh concerns about prolonged energy supply disruptions.
Equity markets across Asia and Europe weakened in thin trading on May 5, reflecting caution after all three of Wall Street’s main indexes retreated from record highs on Monday and as geopolitical risks overshadowed otherwise solid corporate earnings.
