Oil smashed through $100 a barrel as more major Middle East producers curbed production, the Strait of Hormuz remained all but closed and the US threatened to deepen a conflict that has upended energy markets.
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Bloomberg
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South Korean equities bounced back, as risk sentiment recovered after President Donald Trump signaled the Iran war may be ending soon.
Venezuela’s National Assembly gave preliminary approval to a new mining bill as the government pledges to move at “Trump speed” to revive the sector and attract foreign investment.
The Republican Senate Agriculture Committee chair called for new federal aid to farmers in the wake of a spike in gasoline, diesel and fertilizer prices driven by the US military offensive against Iran.
Blackstone Inc.-owned data center operator AirTrunk Pte has secured one of the largest financings in the artificial-intelligence infrastructure sector in Japan as part of an expansion plan.