Seoul Stocks Drop on Mideast Tensions and Oil Price Surge
The Kospi fell 0.29 per cent in early trading as investors weighed inflation risks from rising crude ahead of US economic data
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The Kospi fell 0.29 per cent in early trading as investors weighed inflation risks from rising crude ahead of US economic data

China's largest oil producer posts 103.9 billion yuan in first-half earnings as elevated crude prices compensate for operational setbacks in Iran

World Bank forecast reflects collapse in tourism, consumption, and supply chains following renewed conflict with Israel

Heightened geopolitical tension around the Strait of Hormuz pushes benchmark oil toward seven percent weekly gains, with Asian energy buyers facing tighter supply and higher costs

Seoul maintains gasoline, diesel, and kerosene ceilings for another month while crude prices climb on geopolitical risk

E10 gasoline and diesel both climbed this week, tracking a surge in global benchmarks driven by Iran-UAE trade freeze and Hormuz Strait disruptions

Benchmark crude gained 2.65% Monday while diplomatic efforts between Washington and Tehran remain frozen, with shipping through the critical strait down sharply over the weekend.

The oil giant's first-half reversal reflects supply-chain pressures and margin compression from volatile crude markets tied to regional conflict.

Motorists across the Philippines will face sharply higher costs at the pump starting Tuesday as geopolitical tensions and supply disruptions tighten global oil markets.

Middle Eastern crude exports continue above 4 million barrels daily despite escalating regional violence and stalled Washington-Tehran negotiations

Tokyo explores last-resort reinsurance to protect crude supply chains as Iran conflict disrupts Middle East shipping routes

Crude climbed more than $1 per barrel Friday as shipping disruptions and stalled US-Iran talks tighten global supply through a channel carrying one-fifth of world oil flows.

Energy secretary reveals international players are proposing to pay Manila for stockpiling crude in Philippine facilities, with emergency access clause included

Iranian officials insist on U.S. compensation and sanctions relief before reopening the critical waterway, reversing last week's price slide

Hong Kong carrier adjusts operations as Middle East tensions reshape air freight routes across Asia

Japanese and Korean chipmakers rallied while crude prices climbed on persistent Middle East tensions, leaving investors balancing growth concerns against monetary policy hopes.

Manila moves to block live animals and meat products from Azerbaijan, Bahrain, Cyprus, Iraq, Israel, Kuwait, and Palestine as foot-and-mouth disease serotype SAT1 spreads across the regions.

Tehran's overnight strikes and proposed fee structure with Oman push Brent above $83, reversing earlier weekly losses

The Makkah Joint Defense Agreement commits three Muslim-majority powers to treat an attack on one as an attack on all, marking a new alignment in regional security architecture.

Davao-grown bananas, sweet potatoes, and turnips reach Jeddah as Manila seeks to narrow its $11 billion annual farm trade deficit through market diversification

Yen depreciation cushions earnings for Toyota, Nissan, and Honda while manufacturers navigate geopolitical disruption and market share erosion in key regions