Asia Markets Rally as Trump Signals Iran War Deal May Be Within Reach Asian stocks rose after President Trump signaled a possible deal to end the Iran war, boosting chip …
Iran
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Business
ASEAN Summit in Philippines Seeks to Mitigate Iran War Economic Impact
by Sato Asahiby Sato AsahiASEAN Summit in Cebu to Focus on Iran War Fallout, Food Prices, Myanmar and South China Sea At the ASEAN Summit in Cebu, leaders will confront the economic fallout from …
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Politics
Trump Suspends Project Freedom Mission in Persian Gulf Amid Iran Deal Progress
by Sui Yuitoby Sui YuitoTrump Pauses Project Freedom After Reported Breakthrough with Iranian Delegation President Trump says he will pause Project Freedom in the Persian Gulf after progress with an Iranian delegation, while a …
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Politics
Iran resumes military action near Strait of Hormuz, fires missiles at US and UAE
by Sui Yuitoby Sui YuitoIran military action near the Strait of Hormuz resumes with missile and drone strikes toward US ships and UAE Iran military action near the Strait of Hormuz resumed on May …
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Politics
Trump accuses Iran of attacking Korean cargo ship as US strikes boats
by Sui Yuitoby Sui YuitoU.S.-Iran tensions flare after Trump accuses Iran of attacking South Korean cargo ship U.S.-Iran tensions escalate after Trump accused Iran of attacking a South Korean cargo ship in the Strait …
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Business
China’s SWIFT alternative drives surge in yuan payments for Russia and Iran
by Sato Asahiby Sato AsahiYuan payments surge as China’s CIPS expands, reshaping oil and sanctions-era trade Yuan payments are rising rapidly as China’s Cross-Border Interbank Payment System (CIPS) expands, enabling Iran, Russia and other …
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Business
Asian Local-Currency Debt Surges as Iran War and US Rates Boost Issuance
by Sato Asahiby Sato AsahiAsia local currency debt market posts record issuance as Hong Kong, Singapore and Australia see surge Asia local currency debt market posts record issuance as Iran war, rising U.S. rates …
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Politics
Trump Rejects Iran Proposal and Warns of Possible New Military Strike
by Sui Yuitoby Sui YuitoTrump rejects Iran proposal, warns of possible retaliation as mediation falters President Trump rejects Iran proposal to end hostilities, saying on May 2, 2026 the terms are unacceptable and warning …
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Business
Iran resorts to decommissioned tankers for crude storage after Hormuz blockade
by Sato Asahiby Sato AsahiIran crude oil storage crisis deepens as tankers become floating reserves Iran crude oil storage woes intensify as U.S. Navy blockade of the Strait of Hormuz forces Tehran to store …
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Politics
Japanese tanker Idemitsu Maru granted passage through Strait of Hormuz by Iran
by Sui Yuitoby Sui YuitoIdemitsu Maru Transit Through Strait of Hormuz Signals Iran’s ‘Special Consideration’ for Japan Iran allowed Japanese tanker Idemitsu Maru to pass the Strait of Hormuz, a diplomatic move amid a …