The Iranian strikes on energy infrastructure further hampered the outlook for global energy supplies as the war enters its third week, with a near-complete halt of shipping through the strait starting to impact consumers, especially in Asia. Photograph/Altaf Qadri/APOil rebounded after the first drop in almost a week, as Iran pressed on with attacks on energy infrastructure around the Middle East. European shares were little changed on Tuesday as investors assessed the economic damage from a prolonged Middle East conflict. The war in the Middle East showed no signs of slowing down with Iran launching fresh attacks on the United Arab Emirates. In the Middle East, the UAE and Kuwait have both reduced oil output further.
