Oil Falls, Markets Rise After Iran Says Strait of Hormuz is Open
U.S. and European markets rose after Iran announced on Friday that it would reopen the Strait of Hormuz, sending oil prices down more than 10% to below $90 a barrel. The announcement
Nikkei Hits a Record High in Tokyo as Hopes Rise for Peace in Iran
Growing investor optimism that the United States and Iran will extend their ceasefire lifted stock markets in Asia and other parts of the world on Thursday. Indeed, expectations of new talks to
Japan vows $10bn to help Southeast Asia procure oil amid Iran war
Japan pledged $10 billion on Wednesday to help Southeast Asian economies procure oil as they grapple with a war with Iran and its spread into the Middle East, boosting crude prices and
War in Iran is Also Killing Trade With Importers in the Middle East
The war waged by the United States and Israel against Iran does more than hinder the transit of tankers supplying oil and gas to countries across Asia. It has also disrupted trade
Electric Vehicle Sales Jump in Asia as Iran War Pumps Fuel Cost
Sales of electric vehicles in Southeast Asia have surged as oil prices soared due to the war in Iran and car owners abandoned their gasoline-powered vehicles. Asian countries were particularly hard hit
Vance Flies Out After Talks With Iran Fail, Saudis Restore Pipeline
US Vice President Vance said that Iran and the United States failed to reach an agreement to end the war in the Middle East. Vance made the remarks after two days and
China Seized An Island While The World Is Watching Iran
China is illegally building a huge artificial island at Antelope Reef in the South China Sea. Until there are concrete solutions, the world must take action.
Iran Ceasefire Makes Little Difference to Vessels Stuck in Hormuz
The shaky ceasefire between Iran and the United States has had little impact on ship passage through the Strait of Hormuz, with maritime tracking data showing just ten ships have passed through
IMF Worries Globe Isn’t Ready For Iran Fallout. It’s Not Worried Enough
When European Central Bank President Christine Lagarde warned two weeks ago that markets seemed “overly optimistic” that a war with Iran would not harm the global economy, many economists seemed to roll
Energy Crisis From Iran War to Fuel Renewable Boom, IEA Says
The head of the International Energy Agency said that the world’s most serious energy crisis triggered by the Iran war will accelerate the development of global renewable energy, nuclear energy and electric
Australia in Energy Security Deal With China, as War Rages in Iran
With countries in the Asia-Pacific region concerned about energy shortages caused by the US-Israel war, Australia has contacted China to try to ensure it has enough fuel in the coming weeks and
Why Asia Is Absorbing The Iran War Far Harder Than America
Excluding China, Asian stocks fell about 16%. It’s also an oil crisis, but Asia bears the brunt of the Iran conflict, more seriously than the United States
Asia ‘Suffering the Most’ From Energy Crisis Due to Iran War
Experts say Iran’s escalating war could have the worst impact on Asian countries, as the continent relies on the Middle East for much of its fuel imports. Asia imports at least 60%
Iran War Has The Bank Of Japan As Confused As The Federal Reserve
The minutes of the Bank of Japan’s latest meeting were enough to ruin Prime Minister Sanae Takaichi’s week.
Iran War Chaos Interrupts India’s GDP Triumphalism
Weeks before the Iran war broke out, officials in New Delhi were in a state of celebration. Some international publications quoted economists as saying that India’s GDP has surpassed Japan’s.
India’s Poor Turn to Wood, Coal as Iran War Spikes Gas Prices
Increased hoarding and soaring gas prices amid supply uncertainty stemming from the Iran war are forcing India’s marginalized households to return to wood and coal for cooking. India is the world’s second-largest
Iran Mocks Trump Backdown on Strikes on Its Oil, Power Plants
U.S. President Donald Trump said on Monday he would delay military strikes on Iran’s power plants and energy infrastructure for five days. Trump announced the news truth society – on Monday evening
Oil Prices and Asian Markets Dip, But Strikes Continue in Iran War
Crude prices fell on Friday after Israeli Prime Minister Benjamin Netanyahu said Iran was “taking a beating” and that the war would end sooner than many feared. Traders also welcomed comments from
Asia Ramps Coal Power Use as Iran War Causes Gas Prices Soar
Energy suppliers across Asia are being forced to use more coal to generate electricity as the war in Iran hampers access to oil and gas from the Middle East. Crude oil prices
More Ship Strikes as Iran Threatens to ‘Destroy World Economy’
Iran attacked two oil tankers in the Persian Gulf and Strait of Hormuz on Thursday and threatened to “destroy” the world economy, overshadowing international efforts to lower oil prices. Iran has been
Get Ready for $200 a Barrel, Iran Says, After Three Vessels Hit
Three more merchant ships were hit by shells in the Strait of Hormuz on Wednesday, as Iran stepped up its crackdown on neighboring countries and ships exporting crude oil through the narrow
Indian Refiners Snap Up Russian Oil as Iran War Trumps Sanctions
Indian refiners reportedly bought millions of barrels of Russian oil stranded at sea after the Donald Trump administration last week agreed to grant New Delhi a 30-day exemption from sanctions on cargo
Why China Won’t Help Iran
Conflicts between Iran and Israel, the United States, and a range of Arab countries threaten China’s energy security. Despite such incentives, don’t expect Beijing to help Iran.
Asian Markets Slump, Oil Prices Rise as Iran War Fears Intensify
Asian markets tumbled on Tuesday, while oil prices climbed as investors worried about Iran and a wider war in the Middle East. U.S. and Israeli attacks on the Islamic Republic have slashed