Asia-Pacific markets set to open mixed as renewed tensions test a fragile Iran-U.S. ceasefire
The West Texas Intermediate was up 0.62% at $98.48 per barrel as of 7:50 p.m. ET. Brent crude ended the session at $95.92 per barrel. Source link
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Trump says Iran ‘better stop’ tolling oil tankers in Hormuz Strait
President Donald Trump speaks to press at the White House, in Washington, April 6, 2026. Kyle Mazza | Anadolu | Getty Images President Donald Trump on Thursday said that Iran “better stop now” if it’s charging fees to oil tankers passing through the Strait of Hormuz. Trump’s warning in a Truth Social post put even…
Ceasefire or not, Hormuz tanker traffic may take months to recover
Cargo vessel, Ali 25, in the Gulf, near the Strait of Hormuz on March 22, 2026 in northern Ras al Khaimah, United Arab Emirates. Getty Images The U.S. and Iran’s “fragile truce” has lifted hopes that a full reopening of the Hormuz Strait can end the energy supply crunch that threatens to cripple the global…
Iran oil shock stirs memories of 1997 Asian Financial Crisis — but here’s why history may not repeat itself
A month into the worst oil supply disruption since the 1970s Arab embargo, the economic pain spreading across Asia is reviving an uncomfortable question: Could this be 1997 all over again? The parallels are hard to ignore. Asian currencies are under pressure, fueling the risk of capital outflows. Spiking energy costs have pushed governments to…
Tariffs and Iran war threaten India’s $100 billion garments export goal
Hello, this is Priyanka Salve, writing to you from Singapore. Welcome to the latest edition of “Inside India“ — your one-stop destination for stories and developments from the world’s fastest growing large economy. Just as India’s textile industry was beginning to stabilize after U.S. tariffs, it received another blow. Industry leaders tell me the Iran…
WTI, Brent, Iran accuse U.S. of ceasefire breach
This picture taken on March 26, 2026 shows an oil tanker unloading crude oil at a port in Yantai, in China’s eastern Shandong province. CN-STR | Afp | Getty Images Oil prices rose Thursday after Iran accused the United States of violating elements of a two-week ceasefire agreement, raising concerns that tensions could escalate again…
Asia-pacific markets: U.S., Iran, Negotiations
An electronic stock board displays the Nikkei 225 Stock Average outside a securities firm in Tokyo, Japan, on Jan. 28, 2025. Toru Hanai | Bloomberg | Getty Images Asia-Pacific markets opened mixed Thursday, as Iran’s parliamentary speaker charged the U.S. of breaching the terms of the two-week ceasefire agreement. On Wednesday, U.S. President Donald Trump had…
Ritchie Torres calls for probe into trades ahead of March Iran news
U.S. Rep. Ritchie Torres, a Democrat from New York, during an interview in New York, Jan. 28, 2025. Victor J. Blue | Bloomberg | Getty Images U.S. Rep. Ritchie Torres, D-N.Y., on Wednesday called for a federal probe into suspicious trading activity in oil and equity futures markets just before President Donald Trump‘s announcement of…
U.S. has violated ceasefire agreement, Iran parliamentary speaker says
Iran’s parliamentary speaker Mohammad Bagher Ghalibaf accused the U.S. on Wednesday of violating the two-week ceasefire agreement. “The deep historical distrust we hold toward the United States stems from its repeated violations of all forms of commitments — a pattern that has regrettably been repeated once again,” Ghalibaf said in a statement posted on social…
Delta Air Lines Q1 2026 earnings
Delta Air Lines CEO Ed Bastian said the carrier will “meaningfully reduce” its capacity growth plans in the near term as fuel costs soar, solidifying a pullback from airlines that have been roiled by a historic run-up in jet fuel due to the Middle East war. Shares were up more than 11% in premarket trading,…