Middle East Updates

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

DOE: Oil prices may drop to prewar levels in 6-12 months with US-Iran deal

Local oil prices may return to pre-Middle East crisis levels in about six months to…

US, Iran reach deal to end war, reopen Hormuz

TEHRAN, IRAN—The United States and Iran said they reached a deal to end the Middle…

French-UK mission ‘ready’ to aid Hormuz reopening

Evian, FRANCE—France’s president on Monday said that a military mission set up by Paris and…

US-Iran deal ‘closer than ever’

Tehran, IRAN—US President Donald Trump said that a deal with Iran to end the war…

US downs Iran drones as both insist deal closer

Tehran, IRAN—The United States said it downed multiple Iranian drones targeting commercial ships in the…

DOE sees oil price surges amid renewed US-Iran war 

Motorists should brace anew for a surge in fuel prices after Iran and the United…

Hopes for quick peace deal fade

The United States launched fresh attacks against Iran on Thursday, prompting Tehran to retaliate, as…

Mideast peace deal no nearer

Iran attacked US bases in Jordan and Bahrain on Wednesday, the latest salvo in tit-for-tat…

Trump: Negotiators in ‘final throes’ of Mideast peace deal

Washington—US President Donald Trump said on Tuesday that negotiators were in the “final throes” of…

DOE eases control over oil price adjustments

After last week’s major cuts, the prices of diesel and kerosene will again go up…