GLOBAL MARKETS-Shares Slide, Oil Prices Elevated as US-Iran Truce Prospects Dim

ASIAN MARKET - SINGAPORE. Stocks in Asia slid on Tuesday while oil prices eased but remained well above $100 a barrel, as the U.S. and Iran continue to work towards a truce while at the same time trading blows over the Strait of Hormuz.

Traders also had their eyes on the yen after the Japanese currency briefly jumped in the previous session, stoking speculation of another round of intervention from Tokyo.