Asia-Pacific markets rebounded Wednesday after statements from US President Donald Trump raised hopes that the Iran war could end quickly. On Tuesday stateside, Trump stated the US could go away Iran in “two or three weeks,” including “We leave because there’s no reason for us to do this.” US West Texas Intermediate crude for May…
Smoke emanates from smokestacks from an oil refinery in Linden, New Jersey, on March 18, 2026. Kena Betancur | AFP | Getty Images Oil costs rose on Monday as Yemen’s Iran-backed Houthis fired missiles at Israel and US President Donald Trump reportedly mentioned he desires to take Iran’s crude, deepening considerations over escalating dangers to…
The US Navy will start escorting ships through the Strait of Hormuz as quickly as “militarily possible,” Treasury Secretary Scott Bessent advised SkyNews on Thursday. “That was always in our planning, that there’s the chance that the US Navy or perhaps an international coalition will be escorting oil tankers through,” Bessent mentioned in that interview….
The US Navy will not be prepared to escort oil tankers via the Strait of Hormuz, Energy Secretary Chris Wright advised CNBC in an interview Thursday. “It’ll happen relatively soon but it can’t happen now,” Wright mentioned. “We’re simply not ready. All of our military assets right now are focused on destroying Iran’s offensive capabilities…
Fire breaks out on the Shahran oil depot after US and Israeli assaults, leaving quite a few gas tankers and autos within the space unusable in Tehran, Iran, on March 8, 2026. Anadolu | Anadolu | Getty Images Japan’s Nikkei 225 and South Korea’s Kospi each plunged over 6% in early commerce Monday, main a…
19 November 2025, China, Shanghai: Boats sail previous downtown Shanghai on the Huangpu River. The tallest constructing on the skyline is the Shanghai Tower (rear). Bernd von Jutrczenka | Picture Alliance | Getty Images South Korea’s Kospi plunged 8% Wednesday, on observe for its worst day since August 2024, and increasing a steep selloff from…
A liquefied pure gasoline (LNG) tanker on a digital display on the Qatar Economic Forum (QEF) in Doha, Qatar, on Tuesday, May 20, 2025. Christopher Pike | Bloomberg | Getty Images Qatar stated Monday it halted liquefied pure gasoline production attributable to attacks by Iran on two key working amenities, because the Islamic Republic widened…
The largest disruption to international air transport because the Covid pandemic continued on March 1, with hundreds of flights affected and busy Middle Eastern hubs together with Dubai and Doha shuttered as Iran lashed out after US-Israeli strikes. Justin Tallis | Afp | Getty Images Airline stocks led losses in Asia on Monday as Middle…
