Stocks rise despite Iran tensions, oil up, yen eases

Aug 4 : European stocks climbed alongside U.S. futures on Tuesday, although a rebound in oil prices underscored market scepticism that the U.S.-Iran war would be resolved quickly through diplomacy.

Meanwhile the yen eased slightly, but held on to most of its intervention-driven gains after last week's joint action by Tokyo and Washington to support the currency.

Conflicting signals from the U.S. and Iran boosted uncertainty, with the latest attack on shipping in the Strait of Hormuz highlighting risks to global energy flows.

Brent futures rose 1.4 per cent to $84.95 a barrel after dropping 7 per cent in the previous session to a three-week low.

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