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Oil surged while stocks and bonds fell after President Donald Trump ordered a blockade of the Strait of Hormuz, escalating tensions with Iran after weekend peace talks collapsed. (Source: Bloomberg)
Japanese washlet maker Toto Ltd. has suspended new orders for its prefabricated bathrooms due to a material shortage as the Iran war continues to squeeze the global oil supply chain.
Investors appear to have already priced in much of the geopolitical risks and are growing less reactive to headlines.
Western Australia is considering its own strategic stockpile of diesel with fuel paid for by the state after the Iran war led to shortages for key industries such as farming and mining.
Saudi Arabia’s crude sales to top importer China are set to halve next month as the war in the Middle East upends flows and lifts prices, according to traders familiar with the matter.
European stocks are expected to start the new trading week on a somber note as global traders assess developments in the Middle East.
Despite being a major producer and exporter of energy, Australia relies heavily on imported refined fuel to power transport, agriculture and other parts of its economy, leaving it highly exposed to disruptions in global supply chains.
Shell Chief Executive Officer Wael Sawan joins Francine Lacqua to discuss the oil major's controversial strategy around the energy transition, and fostering a culture that shifts from “all-knowing” to “all-learning.” He reflects on navigating volatility in the global energy system, emphasizing disciplined decision-making and focusing on what leaders can influence going forward. (Source: Bloomberg)
Franklin Templeton’s credit management arm has appointed Takeshi Yamamoto as head of capital formation for Japan, according to a document seen by Bloomberg.
Oil giant BP is bracing for a possible shareholder revolt at its upcoming annual general meeting.
President Donald Trump said he ordered the U.S. Navy to find and interdict any ship in international waters that has paid a toll to Iran to transit the strait.
Oil prices should be much higher than current levels if the US goes ahead with a planned naval blockade of the Strait of Hormuz, according to a veteran oil market executive.
Union Bancaire Privée is buying gold again after cutting a significant position in response to an Iran war-induced slump, saying it believes the long-term outlook remains intact.
Emerging assets declined as escalating tensions in the Middle East following a breakdown in peace negotiations sapped risk sentiment.
Emerging-market stocks declined along with most currencies and bonds as traders pulled back from riskier assets after US President Donald Trump ordered a blockade of the Strait of Hormuz following a breakdown in peace talks.
Emerging-market stocks declined along with most currencies and bonds as traders pulled back from riskier assets after US President Donald Trump ordered a blockade of the Strait of Hormuz following a breakdown in peace talks.
Most emerging-market currencies climbed on Monday after oil retreated from session highs when President Donald Trump said Iran had reached out seeking a deal, even as the US began enforcing a naval blockade in the Strait of Hormuz.
"Bloomberg: The Asia Trade" brings you everything you need to know to get ahead as the trading day begins in Asia. Bloomberg TV is live from Tokyo and Sydney with Shery Ahn and Haidi Stroud-Watts, getting insight and analysis from newsmakers and industry leaders on the biggest stories shaping global markets. (Source: Bloomberg)
Chinese clean‑tech manufacturers are beginning to benefit from the supply crunch in the Persian Gulf, as rising oil and natural gas prices and a renewed emphasis on energy security boost demand for batteries and electric vehicles.
Malaysia’s maritime authorities detained two tankers and its crew members suspected of conducting an illegal ship-to-ship diesel transfer off Penang, in one of the latest crackdowns on illicit fuel activities in the country’s waters.
The war and supply interruption will now likely escalate before they improve.
Trading desks across Wall Street have been busy at the start of the year as institutional investors set new positions against the churn of AI-led disruption.
Oil prices surged past $100 after U.S.-Iran talks collapsed and Washington moved toward a naval blockade, setting a cautious tone for Asia markets at the open.