Shipping traffic through the Strait of Hormuz remained broadly halted on Tuesday with only three ships passing the waterway in the past 24 hours, shipping data showed. A US blockade of Iranian ports has infuriated Tehran, prompting it to maintain its own restrictions on the strait, which had been typically handling roughly one-fifth of the world’s oil and liquefied natural gas supply. The Ean S
The dollar steadied in early Asian trade on Wednesday, as skepticism over US President Donald Trump’s announcement of an indefinite extension of a ceasefire with Iran lifted demand for the safe-haven currency, pushing it to a one-week high. On the policy front, Federal Reserve nominee Kevin Warsh’s comments at a Senate confirmation hearing were interpreted as slightly hawkish, while strong re
Oil prices turned lower on Wednesday after rising about $1 at the start of trade in Asia, with investors assessing the outlook for US-Iran peace talks following the U.S. extension of a ceasefire. Brent crude futures were down 21 cents, or 0.2%, at $98.27 a barrel at 0039 GMT, after touching $99.38 earlier in the session. West Texas Intermediate futures fell 28 cents, or 0.3%, to $89.39, after
Stocks rebounded in early trading in Asia on Tuesday as markets took heart from reports Iran is considering attending peace talks with the United States in Pakistan, with renewed bets on AI underpinning demand. Investors were also keeping their eyes on a Senate confirmation hearing later for Kevin Warsh, U.S. President Donald Trump’s nominee to lead the Federal Reserve, which Trump has repeat
Oil prices jumped around 6 percent in Monday trading on uncertainty over peace talks between the US and Iran after violence flared around the Strait of Hormuz. Brent crude futures settled USD5.10, or 5.64 percent, higher to USD95.48 a barrel. US West Texas Intermediate advanced USD5.76, or 6.87 percent, at USD89.61. Both contracts had tumbled by 9% on Friday for their largest daily declines