Asian stocks tracked Wall Street higher on Friday, with China's A50 hovering around 15,000. Saudi Arabia's critical pipeline to the Red Sea suffered a recent attack from Iran, cutting throughput by 700,000 bpd. Foreign investors pulled $70.3 billion from emerging market assets, especially Asian stoc

The US and Iran agreed to a conditional two-week ceasefire deal that includes the reopening of the key Strait of Hormuz waterway. That came after Trump's threat to wipe out the Persian civilisation. The countries will hold negotiations in Islamabad, the capital of Pakistan, beginning in the coming d

Oil prices steadied on Thursday as Trump has announced 50% tariffs on countries supplying Iran with weapons. Vice President JD Vance has confirmed the Iran ceasefire is fragile. Three parts of Iran's 10-point ceasefire proposal have been violated, Iran's parliamentary speaker said, as Israel's milit

The dollar sank to its lowest level in a month while the pound shot up on Wednesday after Trump said he agreed to suspend planned attacks on Iranian infrastructure for two weeks. Iran's 10-point proposal includes withdrawing US combat forces from all regional bases, lifting all sanctions, releasing

US equity indexes closed modestly higher on Monday despite resilient oil prices, as investors waited for clarity on the prospects of a resolution to the war in the Middle East. Trump on Sunday issued a fresh round of threats to attack Iran's power plants and civilian infrastructure starting Tuesday,

Gold snapped its 4-day rally on Thursday after Trump signalled tougher US military action. Iran and Oman are reputedly drafting a protocol to "monitor transit" through the Strait of Hormuz. Gold's sharp selloff have pushed the metal firmly into bear market territory, but some market veterans are sti

Oil prices rose sharply on Thursday after Trump warned of further military aggression against Iran in the next two or three weeks, dampening hopes for an imminent de-escalation in the conflict. Iran said that the US would not regain access to the Strait of Hormuz and that from now on only "those who

Thousands of soldiers are heading to the Middle East, an exercise in coercive diplomacy designed to increase leverage as Trump turns up the pressure for Iran to come to the negotiating table. Teheran has declared it will not end the conflict unless Washington pays war reparations and affirms "exerci

The euro inched up on Wednesday, with the dollar's gains from safe-haven demand fading, as Trump said the war with Iran could wind down within two or three weeks. US Defense Secretary Pete Hegseth said the next few days would be decisive and said the conflict would intensify if it did not make a dea

The dollar headed for its biggest monthly gain since July on Tuesday though Fed Chair Powell signalled no rush to raise interest rates. The yuan moved sideways on the latest economic data. China's official gauge for manufacturing activity climbed more than expected in March to mark its best performa

Wall St tumbled on Friday, with each major index closing at their lowest levels in months. The Dow entered correction territory as the month-long Middle East war continued to suppress risk appetite. The VIX rose to ⁠31.05, the highest close since 21 April. The S&P 500 software and services index

Putin congratulated Iranian leaders on Nowruz and said Moscow remained a loyal friend and reliable partner to Tehran, the Kremlin said on ‌Saturday. The military axis comes is deepening given their plight. According to a BBC report, Ukraine has embarked on a massive programme to deploy armed robots

Oil prices climbed on Thursday, recovering some of the previous day's losses amid de-escalation in the Middle East. Trump will hit Iran harder if Tehran fails to accept that the country has been "defeated militarily". Iranian Foreign Minister Abbas Araghchi said the country had no intention to hold

Currency markets showed signs of fatigue early in Asian trade on Wednesday, with the Australian dollar on the back foot. Australian consumer prices were flat in February, while core reading fell short of expectations. Employment rose by more than ‌expected in February, though the jobless rate ticked

European shares rebounded on Monday, snapping a three-day losing streak after Trump said he had instructed the US military to delay planned strikes on Iran's power plants and energy facilities for five days. Hedge funds last week piled into bets against US shares and emerging markets stocks in Asia,