CFR's Ewers: US and Iran Far From a Deal

Lombard Odier's Homin Lee lays out potential outcomes for investors as the Strait of Hormuz remains closed and economies around the world remain exposed to higher oil prices. (Source: Bloomberg)

The Philippines’ inflation spiked in March to the highest in nearly two years as the Iran war choked energy supply and pushed up fuel prices.

Crude prices ticked higher after Trump repeated the Tuesday deadline for escalating attacks on Iran's power plants and bridges.

President Donald Trump has insisted that freedom of navigation through the Strait of Hormuz be part of any deal and escalated threats to obliterate key Iranian infrastructure. Bloomberg's Laura Davison reports. (Source: Bloomberg)