April 1, 2026 9:45 AM

Asia markets rally on optimism Iran war could end soon

Stocks and bonds rallied and the dollar wallowed at the start of the Asian trading session on Wednesday on hopes of a de-escalation in the Iran conflict, while significantly better-than-expected economic data for March propelled a rebound in Korean and Japanese shares. MSCI's broadest index of Asia-Pacific shares outside Japan was up 2.7%, snapping a four-day losing streak as South Korea's Kospi surged as much as 5.5%. The Nikkei 225 also jumped 3.9% at one point, after U.S. President Donald Tr...

March 31, 2026 2:44 PM

EU tells members to prepare for ‘prolonged disruption’ to energy markets from Iran war

European Union governments should prepare for a "prolonged disruption" to energy markets as a result of the Iran war, the bloc's energy chief has told countries' ministers ahead of an emergency meeting on Tuesday. In a letter to energy ministers, EU Energy Commissioner Dan Jorgensen said governments were "encouraged to make timely preparations in anticipation of a potentially prolonged disruption". Europe's heavy reliance on imported fuel means the continent is very exposed to the Middle East ...

March 31, 2026 12:34 PM

Brent crude set for record monthly gain; shares tentative as Iran war rages

Oil prices were set for a record monthly rise on Tuesday while Asian shares were headed for their steepest fall in six years, capping a tumultuous month as the war in the Middle East stoked fears of higher inflation and slower growth. Bonds were headed for their largest decline in months, owing to the hawkish sea change in the global outlook for interest rates, while the dollar was on the cusp of its strongest gain in eight months. A month into the war, investors continue to be whipsawed by a ...

March 28, 2026 9:12 AM

Rubio says Iran war to last ‘weeks not months,’ no US ground troops needed

The U.S. expects its operation against Iran to conclude within weeks, not months, and Washington can meet all its objectives without using ground troops, U.S. Secretary of State Marco Rubio said on Friday. Rubio told reporters after meeting G7 counterparts in France that Washington was "on or ahead of schedule in that operation, and expect to conclude it at the appropriate time here - a matter of weeks, not months." While he said Washington could achieve its aims without ground troops, he ackn...

March 23, 2026 10:01 AM

Iran war in perilous stage, peace is the best medicine: WHO chief

Tedros Adhanom Ghebreyesus, Director-General of the World Health Organisation (WHO), on Sunday said the war in the Middle East has reached a perilous stage with strikes reportedly hitting the Natanz Enrichment Complex in Iran, and the Israeli city of Dimona, where a nuclear facility is located. The International Atomic Energy Agency (IAEA) is looking into incidents reported in southeastern Iran, and in Israel’s city of Dimona. “No indications of abnormal or increased off-site radiation lev...

March 19, 2026 2:49 PM

Ukraine peace talks paused amid Iran war, Russia’s Izvestia says

Peace talks between the United States, Russia and Ukraine on ending the Ukraine war, the deadliest European conflict since World War Two, are on pause amid the Iran war, the Izvestia newspaper reported on Thursday, citing Russian officials. U.S. President Donald Trump, who last year said he wanted to be remembered as a peacemaker, vowed to end the Ukraine war but has since said that efforts to resolve the conflict have been one of his biggest disappointments. The U.S. and Israeli attack on Ira...

March 18, 2026 7:33 PM

Iran war fuels tensions in US Democratic primary races

The Iran war is influencing Democratic primaries ahead of November's midterm elections, with progressives faulting moderate rivals for not opposing President Donald Trump's bombing campaign strongly enough and for what they call overly close ties with defense contractors and Israel. The tensions are emerging in Democratic primaries for Senate and House seats in Michigan, Colorado, Illinois, Maine and North Carolina, a Reuters review shows. At least half a dozen progressives are challenging esta...

March 18, 2026 1:03 PM

Fed likely to hold rates steady as Iran war shocks policy debate

Federal Reserve officials, convening in a wartime setting that began less than three weeks ago, are expected to hold interest rates steady on Wednesday, but more significantly to outline in a new policy statement and projections how they feel President Donald Trump's decision to launch an open-ended conflict with Iran has recast the outlook for the U.S. economy, inflation and monetary policy. There are no sure bets, and without a clear stopping point to the U.S.-Israeli bombing ca...

March 18, 2026 10:21 AM

Iran war is not delaying US weapons shipments to Taiwan, officials say

The war on Iran has not delayed shipments of weapons to Taiwan or changed U.S. policy toward the island, officials from President Donald Trump's administration told members of Congress on Tuesday, despite the demands of the intense air campaign. "Have we delayed moving things to Taiwan? We haven't," Stanley Brown, principal deputy assistant Secretary of State for Political-Military Affairs, told a House of Representatives Foreign Affairs Committee hearing. The U.S. and Israel began airstrikes ...

March 10, 2026 10:38 AM

Oil falls as Trump predicts Middle East de-escalation

Oil prices fell on Tuesday after hitting an over three-year high in the prior session as U.S. President Donald Trump predicted the war in the Middle East could end soon, easing concerns about prolonged disruptions to global oil supplies. Brent futures LCOc1 fell $4.17, or 4.2%, to $94.79 a barrel at 0345 GMT, while U.S. West Texas Intermediate (WTI) crude CLc1 was down $3.81, or 4%, to $90.96 a barrel. Both the contracts fell as much as 11% earlier before paring some losses. Oil surged past $1...