Commodities

Oil rises further on Mideast tensions, stock markets steady

Asian markets were higher Thursday, tracking solid overnight gains on Wall Street despite lingering concerns about the U.S. withdrawal from the Iran nuclear deal and trade tensions between Asia and the U.S. KEEPING SCORE: Japan's benchmark Nikkei 225 rose 0.4 percent to close at 22,497.18.

Business Highlights

___ Walmart makes a $16 billion bet on India's booming economy NEW YORK (AP) — Walmart is making a $16 billion bet on India's booming economy.

Sanctions on Iran could cost US, European companies billions

Major companies, particularly in Europe, could see billions of dollars in commercial deals canceled because of the U.S. decision to reinstall sanctions on Iran, though the ultimate impact remains unclear due to the possibility of renegotiations and exemptions, experts say.

Business Highlights

___ Google showcases AI advances at its big conference MOUNTAIN VIEW, Calif.

Business Highlights

___ US oil prices top $70 a barrel for the first time since 2014 DALLAS (AP) — US oil has shot above $70 a barrel for the first time since late 2014, foreshadowing costlier gasoline and consumer goods.