President Trump said new pipelines and overland routes could cut reliance on the Strait of Hormuz, while rising diesel prices and regional tensions reshape global energy markets.
Posts tagged as “Middle East”
Asian stock markets mostly declined as concerns over the Middle East peace process led to a rise in oil prices and bond yields, increasing the likelihood of higher U.S. interest rates.
U.S. stock futures declined early Wednesday following U.S. "self-defense strikes" against Iran, in retaliation for a downed helicopter. Asian markets also opened lower.
Pakistan and Saudi Arabia have entered into a new phase of military cooperation by signing a landmark Strategic Mutual Defense Agreement, declaring that an attack…