Most Asian stocks fell on Friday as markets remained on edge amid little de-escalation in the U.S.-Israel war on Iran, with the conflict’s inflationary effects being a key point of concern.
Global EV registrations fell 11% in February, dragged by China's largest sales drop since the onset of the COVID-19 pandemic in early 2020, data by consultancy Benchmark Mineral Intelligence (BMI) showed on Friday.
Officials from US President Donald Trump’s administration estimated during a congressional briefing this week that the first six days of the war on Iran had cost the United States at least US$11.3 billion (S$14.4 billion), a source familiar with the matter said on March 11.
The busiest U.S. container seaport in Los Angeles is mostly insulated from supply chain upheaval sparked by U.S.-Israel attacks on Iran that have spiraled into a regional conflict, its executive director Gene Seroka said on Thursday.
Goldman Sachs expects Brent oil to average over $100 a barrel in March, and $85 in April, it said on Friday, as energy prices remain volatile due to the Iran war and damage to Middle East energy infrastructure and disruptions in the Strait of Hormuz.
Oil prices dropped on Friday morning after the U.S. issued a 30-day license for countries to buy Russian oil and petroleum products currently stranded at sea, easing supply concerns.