Asian markets rise on ceasefire hopes amid US Iran tensions

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 thin due to public holidays across......

South Korea risks Hormuz oil runs as Asia's energy crisis deepens into sixth week

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 start. Iran effectively closed the strait......

Oil prices ease on ceasefire talks as global energy crisis deepens

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 the situation as the "worst......

Gulf states near depletion of air defense interceptors as Iran's missile campaign grinds on

Five weeks into Iran's sustained drone and missile campaign against Gulf states, the arithmetic of air defense is turning against the defenders. Gulf countries have exhausted the vast majority of their pre-war interceptor stocks repelling thousands of incoming projectiles, and resupply is falling well short of the pace required, according......

Tesla sales surge in South Korea amid intensifying EV competition

Sales of electric vehicles from Tesla have recorded a sharp increase in South Korea, reflecting growing demand and heightened competition in the country’s EV market. According to market data, Tesla’s vehicle registrations surged significantly in March compared to the same period last year. The increase is largely attributed to......

South Korea points to Kim Jong Un’s daughter as potential successor

South Korea’s intelligence authorities have indicated that the daughter of North Korean leader Kim Jong Un may be emerging as a likely successor, according to lawmakers briefed on recent findings. Members of parliament reported that the assessment by the National Intelligence Service (NIS) is based on what officials described as “credible......

Asian markets rebound as Iran signals Hormuz transit framework with Oman

South Korean stocks surged on Friday after Iran indicated it was working with Oman to develop a framework for overseeing maritime transit through the Strait of Hormuz, offering a measure of hope for a partial reopening of the strategic waterway after more than a month of near-total closure. The Kospi closed up 2.74 percent at 5,377.30 points,......

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