Middle East Updates

Developments in the Mideast war and its impact on Asia-Pacific

DOE: Hefty fine awaits oil firms defying price orders

Local oil firms that defy the government’s cap on fuel price hikes and the set…

Ayala Land halts selling of Laurean Residences

Ayala Land Inc. (ALI) has temporarily halted sales of its Laurean Residences project in Makati…

Auto sales pulled back by 9.8% in Q1 on Middle East crisis

Automotive sales hit a speed bump in the first quarter of 2026, falling 9.8 percent…

Mideast war pushes PH dollar deficit to over one-year high

More foreign currency left the Philippines than entered in March, pushing the balance of payments…

Israeli soldier struck Jesus statue in south Lebanon

JERUSALEM—Israel’s army said on Monday that it had determined that an image circulating on social…

BIZ BUZZ: Even telcos turn to EV

Jaw-dropping fuel prices are pushing not just motorists—but listed firms—toward electric vehicles (EVs). Tycoon Dennis…

Poll: BSP to kick off tightening cycle as high oil prices bite

The Bangko Sentral ng Pilipinas (BSP) is widely expected to raise interest rates this week…

Oil sanctions relief finances Russian war, says Zelenskyy

Kyiv, UKRAINE—Ukrainian President Volodymyr Zelenskyy on Sunday condemned the easing of sanctions on Russian oil…

France blames Hezbollah for peacekeeper’s death in Lebanon

Paris, FRANCE—A French soldier was killed and three others wounded in an ambush on Saturday…

Iran says final deal still far off as Hormuz Strait shuttered

Tehran, IRAN—The strategic Strait of Hormuz was again closed on Sunday in the stand-off between…