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The Latest Breaking News from Asia

Asia shares are mixed following Wall Street's losses, as oil edges lower

Asia shares are mixed following a mild retreat on Wall Street, while the price of oil fell more than $1 after reaching the highest level since the summer of 2024

The Independent UK

If Ramayana Was Myth, Why Do These 5 Countries Still Celebrate It?

For thousands of years, the Ramayana has been one of the most influential stories in human civilization. Written by the sage Valmiki, the epic tells the journey of Lord Ram, his exile, the abduction of Sita, and the battle against Ravana. Many people today discuss the Ramayana as mythology, literature,…

Times Life

European markets lost ground as oil prices climb further amid new Iran attacks

European stock markets lost their enthusiasm by the early afternoon following a positive trend in the first half of the trading lead by strong performances in Asia. Meanwhile, oil prices are rising further.

Euronews

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Asia faces an energy shock from the Iran war and a closed Strait of Hormuz, as governments halt exports and draw down stockpiles

Asian countries like China, Korea and Japan have tried to diversify their energy imports, yet they still depend on oil and gas from the Middle East.

Fortune

Oil price continues to rise amid Middle East crisis but stock markets rebound across Asia

Reports of attack on US registered tanker in Gulf lifts crude by 3% to $84 a barrel as gas price also starts to climb

The Guardian - UK

FTSE 100 Live 05 March: Oil price higher, Rentokil leads stronger index

Calmer stock market conditions continued today despite a fresh rise for the price of oil.

Evening Standard

War with Iran chokes flows of oil and natural gas, highlighting energy security risks for Asia

The war with Iran is disrupting oil and LNG shipments through the Strait of Hormuz, a key artery for global energy trade, sending prices higher and threatening global growth

The Independent UK

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Asian shares jump after US stocks rebound as oil prices stop spiking

Shares have opened sharply higher in Asia after a rebound on Wall Street

The Independent UK

Oil Price Shocks Have Hit India, But This 1 Emerging Market ETF Is Still a Buy Now Near $40

The iShares India 50 ETF hit a new 52-week low on Tuesday. While the impact of higher oil prices due to the Iran war hurts Indian companies more than most in Asia, this contrarian bet has historically been profitable.

Barchart

Labour-National standoff aside, the India-NZ trade deal is a blueprint for real growth

In an increasingly uncertain world, where the global balance of power is tilting toward Asia, a comprehensive free trade agreement (FTA) with India promises access to a booming market and “southern anchor of stability” in the Indo-Pacific region.

The Conversation

Qatar LNG Halt Triggers 70% Spike in European Gas Prices as Energy Security Concerns Rise

Discover how Qatar's LNG production halt impacts global energy markets, causing a 70% surge in Dutch TTF natural gas futures. Learn about the implications for Europe and Asia's energy supply.

International Business Times UK

South Korean stocks suffer worst day on record amid Iran war shocks

Asian markets suffered heavy losses on Wednesday, with South Korea’s main index (Kospi) plunging more than 12%, recording its worst single-day decline in history as the widening conflict in Iran continues to disrupt global markets.

Euronews

What now for Iranian football after Khamenei’s death and bombing of Tehran?

From the World Cup to the Women’s Asian Cup and the AFC Champions League, it is unclear what may happen next

The Guardian - UK

Asian shares extend losses as the war with Iran widens and oil surges higher

Asian shares have resumed their decline after a global sell-off for stocks hit Wall Street, while oil prices climbed even higher

The Independent UK

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Fortune

U.S. oil and gas exporters profit from the Iran war, but they can’t begin to fill the supply gap as global prices spike

Energy prices continue to spike, but a worst-case scenario has yet to unfold.

LiveScience

'Blood moon' total lunar eclipse dazzles millions around the world (photos)

Here are the first images of the March 3 'blood moon' total lunar eclipse visible over North America, Australia, and eastern Asia.

The Conversation

China set to suffer from turmoil in the Middle East, but it stands to benefit long term

China has responded to the joint US-Israeli attacks on Iran with strong diplomatic condemnation. In an article published on March 1, China’s state-run Xinhua news agency called the attacks a “flagrant violation” of the purposes and principles of the UN charter. The same article called the intervention a departure from…

Louder

"The noise is deafening. The whole hotel shakes. It’s very frightening." Asia guitarist John Mitchell caught up in Middle East conflict

Prog musician John Mitchell is currently holed up in Dubai as the Iran conflict literally explodes all around him!

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Evening Standard

Soaring oil and gas prices threaten new inflation headache for Reeves

Qatar produces a fifth of the world’s LNG and is the biggest supplier to Asia

Evening Standard

FTSE 100 Live 03 March: Energy price surge continues, stocks deep in red

Fears of a new inflation spike have intensified after oil and gas prices today extended their upward momentum.

International Business Times UK

Blood Moon March 3 Time: See the Full Timeline as the Total Lunar Eclipse is Visible in North America, Central Asia, and South America

Explore the rare 'Blood Moon' lunar eclipse with a full timeline of phases, global viewing times, and locations where the spectacle can be seen.

The Independent UK

Asian shares are mostly lower as investors focus on the Iran war's impact on energy supplies

Asian shares are mostly lower and oil prices have surged higher as investors eye risks to the region's energy supply because of the Iran war

The Guardian - UK

A gas shock – not an oil shock – from the Iran war looks more threatening

Europe and Asia will take an economic hit if the supply of Qatari LNG is halted by the closure of the strait of Hormuz

Evening Standard

FTSE 100 Live 02 March: Oil and gas prices surge, banks retreat in weaker index

Oil prices have surged and the FTSE 100 index is 1% lower amid the conflict in the Middle East.

Fortune

Asian aviation stocks plunge as Iran conflict forces airlines to cancel flights over Middle Eastern airspace

Shares in Singapore Airlines are down by 4.5%, while Qantas and Japan Airlines are down by 5.4% and 5.6% respectively.

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