Indonesia’s leader visited Tokyo this week in Asia’s latest flurry of fuel bartering efforts to offset crippling shortages caused by conflict in the Middle ​East, a key source of regional energy supplies.

Euro zone inflation soared past the European Central Bank's 2 percent target this month as surging oil and gas costs drove up headline prices, but ​the jump was smaller than expected and core inflation declined, muddying the picture for policymakers.

The US national average retail ​price of gasoline crossed $4 a gallon for the first time in more than three years on Monday, data ‌from price tracking services GasBuddy showed, as the US-Israeli war with Iran continued to roil global energy markets.

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Oil is the clear ​outperformer, surging roughly 90 percent this quarter to above $100

Here are the latest economic events in the Middle East war

Both main oil contracts fell Tuesday, though West Texas Intermediate and Brent were still sitting well above $100 a barrel.

Iran’s annual inflation rate rose to 50.6 percent by mid-March, up three percentage points from the previous month, the country’s official statistics centre said on Sunday.

Oil companies will have to look further afield for new fossil fuel resources now that the Iran war has dented the investment allure of the energy-rich Middle East. Higher oil prices will give them that chance.

Unpredictable tax practices, weak enforcement, and conflicting regulatory directives continue to raise costs and delay operations for businesses, Japanese investors said yesterday.

Oil prices extended gains on Monday, with ​Brent headed for a record monthly rise, after Yemeni Houthis launched their first attacks on Israel over the ‌weekend, widening the US-Israel war with Iran in the Middle East.

As energy stress spreads across Southeast Asia, governments across the region are asking China to deliver on its pledges of closer energy security cooperation by freeing up now-banned exports ​of fertiliser and fuel.

Low-cost carriers could struggle the most given their passengers are more price-sensitive than the corporate customers and wealthy consumers

The yen hovered near the key 160 per‑dollar level, after hitting its weakest since July 2024

Members debated key issues such as e-commerce and WTO reform over the last four days

Brent crude futures jumped $2.43, or 2.16%, to $115 a barrel

Pakistan said on Sunday it was preparing to host "meaningful talks" to end the conflict over Iran in coming days

Iranian forces’ threat to ships in the crucial Strait of Hormuz has driven up payments for the insurance that underpins the world freight industry.

Nepal has expressed a strong interest in upgrading Bangladesh’s Saidpur Airport to an international airport, seeking cooperation to boost regional connectivity, trade, and tourism across the sub-region.

The International Monetary Fund (IMF) announced on Friday that it has reached a staff-level agreement with Pakistan to unlock a new $1.2 billion package as part of its support programmes for the country.