Hong Kong’s latest quarterly figures look better than many observers expected. Despite the disruption caused by the war in the Middle East and an unsettled global backdrop, growth has been steady, markets have remained buoyant and visitors have been returning. On the surface, the numbers point to a resilient economy despite heightened global geopolitical tensions…
Iran has restored operational access to 30 of 33 missile launch sites along the Strait of Hormuz and retained nearly 70 per cent of its pre-war missile arsenal, potentially resetting a nearly three-month war with the United States and a naval stand-off for control of a maritime chokepoint that ships 20 per cent of the…
Oil prices slipped on Wednesday after climbing for three straight sessions, as investors closely tracked developments around the fragile ceasefire in the Iran war and awaited a high-stakes summit between U.S. President Donald Trump and Chinese President Xi Jinping in Beijing. Both benchmarks have mostly traded around or above the $100-per-barrel level since the U.S….
Strait of Hormuz, a key energy trade waterway, continues to be in the center of the war between Iran and the United States even as the two countries scramble to find a way to end the conflict. While the US has repeatedly raised objections about Iran’s control over the Strait of Hormuz, which remains effectively…
Oil surged after US President Donald Trump rejected Iran’s latest response to his proposal to end the war in the Middle East, prolonging the effective closure of the crucial Strait of Hormuz. The International Energy Agency says the US-Iran conflict is causing the biggest supply shock in history. (Representational Photo/AFP) Brent crude futures advanced as…
More than two months into the Iran war, with ceasefire efforts repeatedly collapsing and tensions over the Strait of Hormuz continuing to dominate global concerns, Israeli Prime Minister Benjamin Netanyahu issued clarification on a report that claimed he convinced the United States that a war with Iran would be easy and could trigger regime change…
About 100 ships registered in Hong Kong or locally managed or owned are stranded in the Strait of Hormuz along with an estimated 2,300 seafarers, an industry leader has said. Richard Hext, chairman of the Hong Kong Shipowners Association, told the South China Morning Post on Friday that it was very risky to sail vessels…
The chief engineer of a Chinese-owned oil tanker attacked near the Strait of Hormuz says it is “still unclear” who fired on the vessel. Chinese media Caixin reported on Thursday, local time, it was the first known attack on one of the country’s oil tankers since the outbreak of the Iran war. The Marshall Islands‑flagged…
London, Two months into the war in Iran, the reasons the US gave for launching this conflict – and Washington’s minimum criteria for claiming success – now appear unintelligible. So much so that US officials are now arguing the war had actually ended in America’s favour almost a month ago, when the ceasefire came into…
BEIJING (AP) — China’s top diplomat said Thursday that ties with the U.S. have been in general stable despite “many twists and disruptions,” and called on both countries to find a way to contribute to global peace, a week before President Donald Trump is expected to visit. During a meeting with members of a U.S….