Traders also welcomed US President Donald Trump's remarks that Israeli forces would not target any more of Tehran's energy infrastructure, after strikes on a key gas field Wednesday sparked warnings of retaliation against installations across the Gulf.

Gold prices ticked down on Wednesday, as investors weighed the ‌risk of a more hawkish US Federal Reserve policy stance, with high oil prices increasing concerns over renewed inflation pressures.

In a bid to secure supply, the government has confirmed the purchase of seven LNG cargoes from the spot market since the beginning of the US-Israel war on Iran

Iran continues to halt almost all shipping through the Strait of Hormuz, the chokepoint that carries about 20 percent of global oil and liquefied natural gas supplies.

US ​national average retail gasoline prices have climbed about ​84 ⁠cents a gallon since the US and Israel attacked Iran

Brent dipped 0.8 percent, though it was still holding above $102

The US Federal Reserve opened its two-day meeting on Tuesday with policymakers expected to keep interest rates unchanged as they digest weak economic data and gauge the economic effects of the Iran war.

South Korea’s ruling party said on Monday the country will lift a cap on coal-powered generation capacity set at 80 percent and boost the use of nuclear power to about the same level.

The war in the Middle East has put the United States at high risk of falling into stagflation, Nobel Prize-winning economist Joseph Stiglitz told AFP on Monday.

Here are the latest economic events in the Middle East war on Tuesday:

Bangladesh also risks falling out of step with Asia-Pacific spectrum plans by opening the entire 6 GHz band for unlicensed use

The new US investigations do not, in themselves, raise tariffs, but they are a reminder that Dhaka remains vulnerable to legal and political trade pressure despite the recent bilateral agreement.

The crisis has forced the cancellation of over 600 Middle East-bound flights from Bangladesh

Oil loading at the UAE's port of Fujairah was at least partly halted on Tuesday

Economists have warned that surging diesel prices could slow global economic activity

The advances pared some of the previous day's sharp losses that came after the head of the IEA said more stockpiles could be tapped if needed

The Association of Southeast Asian Nations (Asean), which the Philippines currently chairs, will expedite the enforcement of an energy-sharing mechanism which will allow member states to support each other’s oil and gas needs during supply disruptions.

Oil prices jumped further above $100 Monday and Asian stocks mostly fell as the Iran war moved into a third week with both sides showing no sign of backing down and diplomats trying to ensure safe passage for tankers through the crucial Strait of Hormuz.

President Donald Trump’s top energy official said Sunday that Americans will have to endure the “short-term pain” of higher prices at the pump as US forces conduct their war against Iran.

President Donald Trump’s top energy official said Sunday that Americans will have to endure the “short-term pain” of higher prices at the pump as US forces conduct their war against Iran.