SINGAPORE: The dollar slumped against its major peers in Asian trading on Monday after the U.S. paused its bombing campaign in Iran during the weekend, prompting a drop in oil prices and boosting global investor confidence. Against the yen, the U.S. dollar was down 0.2% at 163.585 yen, its biggest decline since July 10. The […]
The preliminary U.S.-Iranian deal could lower fuel prices, but don’t expect cheaper flights anytime soon. The conflict caused jet fuel prices to nearly double, forcing airlines to operate fewer flights and raise fares. The framework deal US and Iranian officials are expected to sign on Friday would restore oil exports from the Middle East, but […]
The leaders of the United States and Iran have signed a 14-point memorandum of understanding to end the war between their countries, as well as Israel’s military assault on Hezbollah in Lebanon. From the US point of view, the deal leaves a lot to be desired. Washington is giving up a lot for very little […]
US President Donald Trump hailed the deal ending the US-Israel war with Iran with a triumphant message: “Ships of the World, start your engines. Let the oil flow!” he wrote on his online social media platform. But how realistic is a swift resumption of ship movement through the Strait of Hormuz? Oil traders are hopeful. […]
Shehbaz Sharif, the prime minister of Pakistan, which served as the key negotiator between the U.S. and Iran, announced on June 14, 2026, that the two sides had agreed on a deal to end the war. It will be officially signed on June 19 in Switzerland. President Donald Trump announced it on Truth Social as […]
SINGAPORE: (Reuters) – Oil prices jumped on Thursday on the escalation of hostilities between the U.S. and Iran, but later pared gains as traders assessed the actual impact on supply disruptions. Tehran declared the Strait of Hormuz closed after the U.S. launched additional strikes against Iran and as President Donald Trump vowed even more attacks […]
