Oil Fluctuates After Report of IEA Reserve Release

Business and finance news from the Asia-Pacific. Volatility in oil prices continue to dominate the markets. The International Energy Agency proposed biggest-ever release of oil reserves the Wall Street Journal reported. Brent crude initially declined. then swung between gains and losses following …

Trump Signals Possible End to Iran War, Stocks Rebound, Oil Plunges

Business and finance news from the Asia-Pacific. President Donald Trump said he would waive oil-related sanctions, have the US Navy escort tankers through the Strait of Hormuz and predicted on Monday that the war with Iran would resolve "very soon" as he confronted mounting economic and political …

Markets Hit as Oil Tops $100

Business and finance news from the Asia-Pacific. Crude oil surged above $100 a barrel for the first time since 2022 due to escalating hostilities in the Middle East and worsening strains on oil shipping, sending stocks and Treasuries lower. Brent climbed 18% to around $109 a barrel, adding to last…

Oil Heads For Biggest Weekly Surge in Years

Business and finance news from the Asia-Pacific. The US-Israeli offensive against Iran has rattled energy markets, driving crude oil to multi-year highs on fears that disruptions in the Strait of Hormuz may choke supplies and reignite inflation. That came as equity investors confront stretched val…

South Korean Stocks Rebound, China NPC Begins, Goldman Sachs CEO David Solomon

Business and finance news from the Asia-Pacific. Asian equities rebounded, with South Korea leading gains after its worst rout on record, as sentiment showed signs of a recovery following an initial bout of volatility sparked by the Middle East conflict. In China, they set a growth target of 4.5% …

Trump Offers Ship Assurances, South Korea Stock Selloff

Business and finance news from the Asia-Pacific. The US-Israeli attack on Iran has destabilized the Middle East and threatens to deliver a new inflationary shock to the US economy by pushing up oil prices. There's also no clear sense of when or how it will end, raising the prospect of prolonged co…

Traders Focus on Oil, Trump on Iran Operation Goals

Business and finance news from the Asia-Pacific. Traders remained focused on oil with the commodity extending gains as the US and Israel stepped up their war against Iran, while Tehran threatened a full closure of the Strait of Hormuz — a crucial waterway for the movement of oil. Brent rose toward…

US-Israel Strikes on Iran, Oil and Commodities Surge

Business and finance news from the Asia-Pacific. Oil surged by the most in four years, before paring some gains as traders assessed the effective closure of the Strait of Hormuz triggered by the US-Israeli war against Iran. For more on the markets, we turn to Paul Dobson, Bloomberg's Executive Edi…

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Instant Reaction: US, Israel Attack Iran as Trump Urges Regime Change

The US and Israel began striking targets across Iran, with President Donald Trump urging Iranians to overthrow the government in a conflict that threatens to spiral across the oil-rich Middle East.    “The hour for your freedom is at hand,” Trump said, addressing Iranians in a video posted on Trut…