WASHINGTON — In 2011, President Barack Obama declared it was time for America to leave behind the wars in Iraq and Afghanistan and “pivot” to Asia to counter the rise of China. Fifteen years later, the U.S. finds itself still at war in the Middle East and has pulled military assets from the Asia-Pacific as … Read more
Thousands of miles from the Middle East, the Iran war has triggered a crisis in Asia with energy shortages hitting almost every country on the continent, all dependent on the Persian Gulf for supply. Anna Coren reports. Source link
HONG KONG — The fallout from the U.S.-Israeli war with Iran and the effective closure of the Strait of Hormuz is being felt sharply in Asia, with authorities from New Delhi to Manila implementing emergency measures to shield consumers from mounting shortages and surging oil prices. On Friday, people in Nepal lined up at gas-filling … Read more
HONG KONG — Asia shares were mixed Friday following a mild retreat on Wall Street, while the price of oil fell more than $1 after reaching the highest level since the summer of 2024. U.S. futures edged higher as the war with Iran entered its seventh day, with Israeli airstrikes pounding the capitals of Iran … Read more