2026-08-12
Asian shares were mostly higher Wednesday, led by a 4% jump in South Korea's Kospi on renewed buying of computer chipmakers, while oil prices advanced as doubts persisted over when the war with Iran will allow crude to flow freely again. Brent crude rose 0.9% to $89.67 a barrel and U.S. benchmark crude gained 0.9% to $83.98 in early trading.
2026-08-11
Shares were mixed in Asia and oil prices held steady Tuesday as uncertainty persisted over when the Strait of Hormuz could reopen and restore the global flow of crude. Brent crude was unchanged at $87.72 a barrel, a day after surging 5%, while U.S. benchmark crude was flat at $82.13.
2026-07-20
The U.S. military struck Iran for a ninth consecutive night on Sunday, targeting command centers, maritime capabilities and air defense sites across the country, as the conflict over the Strait of Hormuz showed no sign of abating. U.S. Central Command said the strikes were aimed at further diminishing Iran's ability to attack commercial vessels and civilian mariners transiting the vital waterway.
2026-07-18
The past week has been one of the deadliest for commercial shipping since the U.S.-Iran war began, with at least three seafarers killed and more than a dozen wounded as Iran shifted to using more-lethal cruise missiles against vessels in the Gulf. Strait of Hormuz transits fell to just eight on Thursday, the lowest level in three weeks, as attacks spread beyond the narrow waterway.