President Donald Trump’s military campaign against Iran has Washington’s Asian allies scrambling to address an energy crisis that could destabilize many of their economies within weeks. And so far ...
Asian stocks slide as Iran war drives oil above $100 and hits currencies; WTI nears $115, gold dips, and key data updates from China, Japan, ...
Markets cut losses later in the session as a reported release of Saudi Arabian crude on the market eased oil prices.
Asia depends on oil and gas from the Middle East, sourcing 60% of its crude from the region, making it highly vulnerable if the Iran war causes a prolonged closure of the Strait of Hormuz supply ...
Central banks across developing Asia are facing a sudden shift in their policy outlook as traders ramp up bets on an Iran war ...
Oil futures vaulted past $100 a barrel for the first time in years, surging close to $120 on Monday. Front-month Brent crude was recently 25% higher at nearly $116 a barrel in midday trading, while ...
By Jeslyn Lerh SINGAPORE, March 6 (Reuters) - Fuel oil traders in Asia are struggling to secure alternative supply as the Iran war curtails shipments from key Middle Eastern suppliers through the ...
A deepening energy crunch across Asia is impacting all corners of the oil market, with suppliers of everything from shipping fuel to cooking gas beginning to cut back on sales in order to manage ...
Asia's crude oil imports in August averaged 27.18 million barrels per day, a rebound from a year-low in July and higher than August last year. The rebound was likely influenced by low oil prices ...
Still, analysts see the selling as a "knee-jerk risk-off market reaction." ...