Kuala lumpur: The Kuala Lumpur rubber market ended lower on Tuesday, pressured by declines in crude oil prices and a stronger US dollar, amid mixed sentiment in regional rubber futures markets, a dealer said.

According to BERNAMA News Agency, oil prices fell after US President Donald Trump announced that he had paused a planned attack on Iran to allow negotiations aimed at resolving the conflict in West Asia. At the time of writing, Brent crude oil prices fell 1.71 per cent to US$110.22 per barrel.

The dealer noted that market sentiment was further dampened by uncertainty over the US Federal Reserve's interest rate outlook and the potential inflationary impact stemming from the West Asia conflict.

Despite the downturn, further losses in the rubber market were limited by concerns over tight rubber supply, optimism surrounding the Chinese economy, and hopes for a peace deal in West Asia, she told Bernama.

At 3 pm, the price of Standard Malaysian Rubber (SMR) 20 eased by three sen to 890 sen per kilogramme, while latex-in-bulk decreased by five sen to 775.5 sen per kg.