Iran

Trump demands Iran ‘unconditional surrender’ as war upends global markets

Qatar warns that a protracted war could bring down the economies of the world

The conflagration sparked by Feb 28’s Israeli-US air strikes against Teheran has paralysed traffic through the Strait of Hormuz.
NEWS ANALYSIS

Maritime insurance premiums surge as Iran conflict widens

War premiums spike costs for shippers, traders, and energy firms moving cargo through Hormuz

Asia sources 60% of oil, petrochemical feedstock from Middle East.
NEWS ANALYSIS

Asia has limited options to diversify from Middle East energy reliance

Distance, refinery logistics, contracts and cost are factors

The RBI’s heavy intervention comes against the backdrop of India’s foreign-exchange reserves which, at over US$723 billion, are among the largest in the world.

India’s central bank deploys US$12 billion to defend rupee as Iran war jolts markets

The scale of the intervention underscores the challenge it faces in containing volatility triggered by the conflict

SIA flights between Singapore and Dubai and Scoot flights between Singapore and Jeddah are affected.

SIA and Scoot extend cancellation of Middle East flights amid geopolitical tensions

Both airlines attribute the cancellations to ‘the geopolitical situation in the Middle East’

Traders offer gold discounts of up to US$30 an ounce to the global benchmark in London.

Gold stuck in Dubai is being sold at a discount as war widens

High shipping and insurance costs and delivery delays have led many buyers to halt placing new orders

Dubai has become a preferred wealth hub for the rich in Asia, mainly from China.

Some wealthy Asians look to move Dubai assets closer to home on Iran war fears

Singapore wealth sector sees increased client interest in asset transfers

Sats says that operations at its Middle East stations have continued under “appropriate safety and security protocols”.

Sats says no ‘material interruption’ to Middle East cargo operations amid Iran conflict

The company provides air cargo handling services and operates facilities in Saudi Arabia and Oman

The building blocks of the technology industry are deeply dependent on petroleum flowing through the Strait of Hormuz.

Hormuz is the hidden risk to the AI economy

The current geopolitical emergency shows that chip-producing South Korea and Taiwan need to increase the use of renewables