The U.S. military carried out new strikes targeting an Iranian drone operation that posed a threat to U.S. forces and commercial shipping in the Strait of Hormuz, a U.S. official said, hours after President Donald Trump dismissed an Iranian report of a deal to restore traffic through the strategic waterway.
The U.S. dollar, long stuck in a tight trading range, could be in for a break higher as the Federal Reserve shifts its focus to fighting worrisome signs that inflation is heating up.
Oil prices jumped more than 3% on Thursday after Iran’s Revolutionary Guards said they targeted a U.S. airbase in response to a U.S. attack near Bandar Abbas airport.
Malaysia's exports to major trading partners reached record levels from January to April, driven by investments secured under the Madani government over the past three years.
Car production in Thailand dropped to its lowest level in five years in April, the Federation of Thai Industries said on Monday, due to export disruptions from the war in the Middle East and higher energy prices.
China has allocated additional funds of 160 million yuan ($23.58 million), primarily for flood relief and prevention efforts, as well as to support relief activities in a recently quake-hit region.