U.S. crude oil (WTI) futures settled at $82.36/barrel, down $2.65 or 3.12%.

China's three main A-share indexes rose in afternoon trade; Shenzhen Composite Index turned positive, China's Shanghai Composite Index up 0.13%, while the ChiNext index's decline narrowed to 0.37%.

Eurozone government bond yields opened lower on Tuesday after U.S. Treasury yields steadied following an earlier rise in Asian trading. Middle East tensions rose after Bessent launched efforts to isolate Iran and warned countries and firms against doing business with Tehran, but oil prices fell. Germany will sell €5.0 bln of short-dated government paper maturing September 2028. Tradeweb data showed the 10-year German Bund yield down 1.1 bps at 3.241%; other eurozone 10-year yields fell by similar margins.