00:00Oil prices climbed higher by early Tuesday afternoon in Europe, with the Eurostoxx 50
00:06jumping almost 1%, as investors remained wary of a U.S. president Donald Trump's threat
00:12to destroy Iran's key oil export hub and desalination plants unless it accepts a deal.
00:19The climb followed a slight drop Tuesday morning, even as both major oil benchmarks,
00:24West Texas Intermediate and Brent Crude remained well above $100 a barrel.
00:30As for Asia, Japan's Nikkei 225 was up 0.6%, South Korea's cost PFL over 4%, Hong Kong's Hang Seng
00:40traded flat and the Shanghai Composite Index was down 0.8%. The latest declines in markets come
00:48as governments around the world scrambled to implement measures to ease the burden of surging
00:53fuel prices as Iran continues to blockade around one-fifth of global crude oil and gas, passing
01:00through the Straits of Hamos.
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