Iran war

THE BOTTOM LINE

Fuel and feed South-east Asia from within

The region must reduce fossil fuel dependence and build a more diversified energy mix

Trump said leaders from key US allies in the Middle East had asked him to delay a planned military attack on Iran.

Trump says ‘good chance’ of Iran nuclear deal after delaying strike

Iran sends new peace proposal via Pakistan, progress described as difficult by Pakistani source

Brent crude futures and US West Texas Intermediate  gained more than 7 per cent last week as hopes of a peace deal dimmed.

Oil touches 2-week high after drone attack on UAE nuclear power plant

The drone attacks and rhetoric from the US and Iran raised concerns of an escalation in the conflict

Businesses are grappling with soaring energy prices, fractured supply chains and trade routes severed by Iran’s chokehold on the Strait of Hormuz.

Iran war saddles global companies with US$25 billion bill – and counting

At least 279 companies have cited the war as a trigger for defensive actions to blunt the financial hit, the analysis shows

On paper, Trump (left) and Xi converged: The US readout says “both countries agreed that Iran can never have a nuclear weapon” and Hormuz “must remain open”.

A choreographed detente: Reading the Trump-Xi summit

Xi’s move to host Russia so soon after Washington’s visit suggests Beijing plans to maintain its full portfolio of relationships

Since the ceasefire began on Apr 8, Trump has repeatedly threatened to resume the bombing campaign that bean on Feb 28.

Trump warns ‘won’t be anything left’ of Iran unless it agrees to deal to end war

The US had set five main conditions for a peace deal, including the removal of uranium used by Iran’s nuclear programme to the US

The International Monetary Fund expects Qatar’s economy to shrink 8.6% this year before rebounding in 2027.

The Iran war is crippling one of the world’s wealthiest nations

The closure of the Strait of Hormuz means virtually no gas has left the country’s shore for more than two months

Mike Ng, chief sustainability officer of OCBC, says energy security and sustainability are increasingly converging priorities.

Costs of energy transition likely to go up over short term due to Iran war, says OCBC CSO 

The lender expects persistent inflationary pressures as central banks keep interest rates higher for longer

US President Donald Trump (left) with Chinese President Xi Jinping. The strategic interests of the US and China remain wholly incompatible.

Trump-Xi summit: tactical concessions but little strategic breakthrough

Both Beijing and Washington can claim some kind of victory from the summit without giving up much

A photo from Iran's Tasnim news agency showing an Islamic Revolutionary Guards boat allegedly taking part in an operation on Apr 21 to seize ships attempting to cross the Strait of Hormuz.
NEWS ANALYSIS

Will Gulf states find new oil pipelines fast enough to reduce Hormuz reliance?

The prospect that Iran may close Hormuz was acknowledged as a significant danger by strategic experts