Asia-Pacific markets tumbled Monday as investors weighed escalating tensions in the Middle East after the U.S. and Iran threatened to intensify military hostilities.
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South Korean Prime Minister Kim Min-seok warned the government must prepare for "worst-case scenarios" stemming from the Middle East conflict.
Developing economies in Asia, Africa and the Middle East are most exposed to surging energy costs.
With war raging in Iran, the South Caucasus has become one of the few stable corridors between Asia and Europe. Nowhere are the conflict's opportunities and risks more visible than in Azerbaijan.
Trump said he decided to back off from his recent threat to order strikes on Iranian energy infrastructure "based on the fact we're negotiating."
Even as Iran launched missiles towards Israel and other Gulf nations, President Trump claimed the regime is so near defeat that it has no choice but to negotiation an end to the war. Ed O'Keefe has more. Grouped from 2 articles across 2 sources.
A combination of higher mortgage rates and economic uncertainty are reversing what was expected to be a recovery year in the housing market.