Seoul and Taipei hit record highs Monday as tech firms led a rally across most Asian markets, tracking a healthy day on Wall Street fuelled by more strong earnings.
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The latest developments in the Middle East war:
Iran's military warned on Monday that US forces would be attacked if they entered the Strait of Hormuz, after President Donald Trump said the United States would begin escorting ships through the waterway.
Iran warned on Monday that it would consider any US attempt to interfere in the Strait of Hormuz a breach of the Mideast ceasefire, as President Donald Trump said the United States would begin escorting ships through the blocked waterway.
A global oil supply squeeze is inflicting an "enormous impact" on the Asia-Pacific region, Japan Prime Minister Sanae Takaichi said Monday.
The latest developments in the Middle East war:
Japan's Prime Minister Sanae Takaichi opened talks in Australia on Monday as the two countries seek to navigate a global oil supply squeeze.
Saudi Arabia, Russia and five other OPEC+ countries increased their oil production quota on Sunday in an expected move aimed at demonstrating continuity at the cartel after the shock withdrawal of the United Arab Emirates.
US President Donald Trump said Saturday he will review a new Iranian peace proposal, but cast doubt over its prospects as he left open the possibility of future attacks on Iran.
As Iran's closure of the Strait of Hormuz roils the global economy, one German town has been scrambling to help make up the shortfall in essential supplies of fertilisers.