Oil prices surged and plummeted on conflicting reports of Iran war developments, leaving market direction uncertain. This move followed a warning from US President Trump, but a later report revealed his change of heart. Meanwhile, energy prices in France rose due to higher costs, and Australia threatens to take social media giants to court.

Oil prices searched for direction on Tuesday amid conflicting events related to the Iran war. While US President Donald Trump's threats that the US would obliterate Iranian energy infrastructure if the Strait of Hormuz remained closed led to an increase in prices, a later report saying Trump is seeking an end to the war brought them down. Also in this edition: inflation in France ticks up because of higher energy prices and Australia threatens legal action against social media giants.