Oil Surges 5% As US-Iran Tensions Shake Global Market
Crude oil price increases by over 5% on Monday amid growing tension between the US and Iran, which could get worse again. The concern rose after the U.S. seized an Iranian cargo ship, raising fears that the fragile ceasefire between the two countries might break down. On the other hand,
Hefty U.S. Tariffs Threaten Southeast Asia’s Economic Gains
Southeast Asian countries found themselves grappling with economic shockwaves on Thursday as they faced some of the highest tariffs imposed by the U.S. President Donald Trump. These hefty duties now threaten the economies that previously thrived on investments since Trump’s first-term tariffs on China redirected manufacturing to the region. Vietnam,
Thailand Sets Sights on Reducing Trade Surplus with the U.S.
In a move to balance trade relations, Thailand is looking to cut down its trade surplus with the United States to $20 billion. The plan? More U.S. products—specifically agricultural goods like corn, soybeans, and ethylene- are being imported. This initiative aims to address trade disparities while aligning with evolving U.S.
