Iran

Iran temporarily closes airspace to most flights, forcing airlines to reroute

[WASHINGTON] Iran closed its airspace temporarily to most flights late on Wednesday, forcing airlines to cancel, reroute or delay some flights, amid concerns about possible military action between the...

US West Texas Intermediate crude slipped US$1.54, or 2.5 per cent, to US$60.48 a barrel on Thursday.

Oil prices sink more than 2% as Trump remarks calm concern about Iran

[TOKYO] Oil prices slid more than 2 per cent in early Asian trade on Thursday after US President Donald Trump said killings in Iran’s crackdown on nationwide protests were stopping, tempering concern ...

Lufthansa said on Wednesday that it would bypass Iranian and Iraqi airspace until further notice.

Germany cautions flights over Iran as Lufthansa rejigs Middle East operations

GERMANY issued a new directive cautioning the country’s airlines from entering Iranian airspace, Flightradar24 said on Wednesday, shortly after Lufthansa rejigged its flight operations across the Mid...

In Singapore, the Straits Times Index closed 0.9% higher at 4,807.13 points.

Sell US, buy Asia? US outlook clouded on threat to Fed, geopolitical tensions: analysts

Investors rush into Asia markets, precious metals as the ‘sell US’ trade takes hold

Brent futures jumped by US$1.60, or 2.5 per cent, to settle at US$65.47 on Tuesday.

Oil prices rise by more than US$1 a barrel on potential Iran supply disruption

[NEW YORK] Oil prices surged by more than 2 per cent on Tuesday as the prospect of disruptions to Iranian crude exports overshadowed possible increased supply from Venezuela.

It remains unclear which countries with Iranian business links Trump might target, and he has not named China.

Trump’s Iran tariff threat risks reopening China rift

Chinese firms could face levies topping 70% at US border

The rial has been under pressure for years due to Western sanctions and systemic corruption that’s undermined confidence in the economy.

How Iran sanctions and a currency crash triggered mass protests

The country’s oil exports are still the mainstay of its economy

Brent futures rose 53 cents, or 0.8 per cent to settle at US$63.87 a barrel on Monday.

Oil prices settle at 7-week high on worries about Iran exports

[NEW YORK] Oil prices climbed and settled at seven-week highs on Monday on worries that Iran’s exports could decline as the sanctioned Opec member cracks down on anti-government demonstrations.

Protesters gather as vehicles burn, amid evolving anti-government unrest, in Teheran.

Iran warns US, Israel of retaliation as unrest enters third week

Iran says it can act preemptively against potential threats