Global Stock Markets Decline and Rising Oil Prices
While conflicts in the Middle East and attacks on facilities in Saudi Arabia pushed oil prices higher, global equities and US futures declined.
As escalating conflicts in the Middle East and attacks on energy facilities in Saudi Arabia caused oil prices to rise, stock markets worldwide and US futures contracts lost value.
General Decline in Global Stock Exchanges
Driven by the impact of conflicts in the Middle East, global equities and US futures contracts followed a downward trend on Tuesday.
Status of European Markets
In early European trading, Germany's DAX index dropped by 0.3 percent to 25,922.44.
While the CAC 40 index in Paris fell by 0.2 percent to 8,291.43, the UK's FTSE 100 index remained flat at 10,824.32.
Decline in US Futures Indexes
S&P 500 index futures lost 0.2 percent in value, while Dow Jones Industrial Average futures fell by 0.7 percent.
Asian Markets and Tokyo
Tokyo's Nikkei 225 index gave up its early gains, dropping 1.7 percent to 65,269.33.
The sharp appreciation of the Japanese yen triggered a wave of selling in shares of major exporting companies.
Rise in Oil Prices
Brent crude oil price rose by 1.5 percent to $98.48 a barrel, while US benchmark crude jumped by 2.5 percent to reach $93.79.