geopolitics

ECB warns fiscal, geopolitical risks 'underestimated' by markets

Ferry connecting Taiwan with Japan's Ishigaki set for maiden voyage

India's gold-based lenders see business boost from higher import tariffs

Philippine food producer RFM chief shrugs off Iran war impact

Japan's car exports to war-hit Middle East plummet in April

What Hormuz unleashed.

Trump also said the Strait of Hormuz, the vital oil-shipping route, is "going to be open to everybody."

Oil spiked after renewed attacks in the Persian Gulf and a fresh attempt by Washington to raise the pressure on Tehran with sanctions, as the US and Iran remained far apart on moves to reopen the Strait of Hormuz.

Stocks and bonds fell while oil climbed after fresh attacks in the Middle East hurt optimism for a deal to end the war. The dollar gained.

Gold extended a two-day decline as fresh US airstrikes on an Iranian military base risked derailing peace talks and kept inflation risks high.