Economy
Asian stocks and emerging market currencies edged higher on Monday as reports of a possible temporary ceasefire between the United States and Iran lifted investor sentiment, despite an approaching deadline set by US President Donald Trump for Tehran to reopen the Strait of Hormuz. Trading volumes remained......
The war in the Middle East has upended global energy markets, but for China the disruption is proving to be an accelerant. As oil-importing nations grapple with crude prices above $110 a barrel and scramble for alternatives to volatile fossil fuel supplies, Chinese electric vehicles, solar panels, and......
Six weeks into the war between the United States, Israel, and Iran with no ceasefire in sight, Asia, the destination for roughly 90 percent of the oil and 83 percent of the liquefied natural gas that normally transits the Strait of Hormuz, is bearing the heaviest economic toll of a conflict it did not......
The six-week-old war between the United States, Israel, and Iran has produced the worst oil supply crisis in modern history, drawing warnings from economists and international institutions that the world faces a growing risk of stagflation and recession if the Strait of Hormuz remains closed. The International......
Bitcoin climbed approximately 3 percent to trade near $69,200 on Monday, lifted by reports of a last-minute diplomatic initiative between the United States and Iran and a wave of forced liquidations that punished bearish traders across crypto markets. The rally, which pushed the leading cryptocurrency......
The war in Iran has triggered a cascading energy crisis from Southeast Asia to Europe, with governments imposing fuel rationing, grounding aircraft, and shutting institutions as the closure of the Strait of Hormuz chokes off roughly one fifth of the world's oil and gas supply. Goldman Sachs has described......
Mazda Motor announced Monday it has suspended domestic production of vehicles destined for the Middle East until May, becoming the latest Japanese automaker to scale back operations as the Strait of Hormuz remains effectively closed to commercial shipping, according to the Nikkei. The company had already......
European Central Bank (ECB) policymaker Yannis Stournaras stated on Monday that the euro zone’s monetary policy will largely depend on the magnitude and duration of energy supply disruptions caused by the conflict in Iran. Speaking at the annual shareholders meeting of the Bank of Greece in Athens,......
Oil prices settled around $110 per barrel on Monday as markets remain tense over the Middle East conflict, where Donald Trump has threatened critical Iranian infrastructure, while potential negotiations are being monitored. In Tokyo, one of the few exchanges open on this Easter Monday, the stock market......
Escalating conflict in the Middle East erased approximately $62 billion from the combined wealth of Southeast Asian billionaires in March, reshuffling the region's richest rankings as Asia-Pacific stock markets buckled under surging energy prices and a collapse in investor confidence. The 150 ASEAN......
The oil-producing alliance OPEC+ is reportedly discussing a potential increase in oil output, even as ongoing geopolitical tensions continue to disrupt global energy markets. Sources indicate that member countries may agree to raise production levels in principle. However, analysts suggest that any......
Bitcoin oscillated around 67,000 dollars on Friday as extreme fear gripped crypto markets, with heavy short positioning on derivatives platforms creating what analysts describe as a potentially volatile inflection point. The largest cryptocurrency opened at approximately 66,888 dollars on April 3, down......
The downing of a U.S. F-15E Strike Eagle over Iran on Friday sent shockwaves through energy markets, with bettors on prediction platform Polymarket pushing the implied probability of WTI crude reaching 120 dollars per barrel this month to 77 percent, up from just 36 percent two days earlier. The abrupt......
