Asian stock markets traded mixed on Tuesday as investors assessed the latest escalation in US economic pressure on Iran, while oil prices remained relatively stable after a sharp decline in the previous session. Market participants were also looking ahead to several potentially significant economic and corporate developments in the United States later this week. The...
The United States has imposed sanctions on Singapore-based oil trading company Wellbred Capital and several affiliated businesses, citing their links to Iran and alleged connections to a wider network involved in international oil and petroleum trading. The latest measures form part of Washington’s broader effort to restrict Iran’s access to international financial channels and disrupt...
A potential diplomatic breakthrough between the United States and Iran could dramatically alter the economic landscape of the Middle East, with estimates suggesting that Tehran stands to gain access to hundreds of billions of dollars through sanctions relief, revived oil exports, and the release of frozen overseas assets. The proposed framework, reportedly backed by former...