US crude futures fall over 2% as Trump says he holds off scheduled attack on Iran

Crude pulls back from prior gains amid pause in US military action on Iran

European bourses will be following their Asia-Pacific counterparts into mixed territory on Tuesday, with oil prices in focus after U.S. President Donald Trump said he was postponing a scheduled attack on Iran.

US equity indices gyrated between positive and negative territory, ending the day mixed.

South Korea’s Kospi sank more than 4% in early trading and was down 3.5% at 7,249.73 by midday.