While prices for crude oil futures have surged and slumped in line with the latest headlines about the war between the United States and Iran, the impact of the crisis in physical markets for refined fuels has been worsening.

Trump vowed last week to raise duties on EU cars and trucks to 25 percent, accusing the bloc of failing to comply with the deal

Brent crude futures were up 78 cents, or 0.8%, at $102.05 a barrel

The dollar fell against most major currencies on Wednesday after the US signalled it may be nearing a deal with Iran, while the Japanese yen suddenly jumped to a more than two-month high as markets braced for ​another round of official buying from Tokyo.

Vacuum cleaners and vapes could get more expensive if the Iran war drags on for much longer, Chinese factory owners and traders warn, as the world’s manufacturing hub reels from “crazy” costs.

Donald Trump’s message to China is clear: he will not be denied. Specifically, the US president will not be denied a ​photo op with his Chinese counterpart Xi Jinping during an expected state visit to Beijing next week.

The Manila-based lender downgrades growth projection for Asia and Pacific, including South Asia

The US blockade of Iranian ports remained, however

The company has emerged as a key player -- alongside domestic rival SK hynix -- in the supply of high-performing chips

Brent crude futures retreated on ​Tuesday but held near $114 a barrel following fresh hostilities in the Middle East, while investors ‌monitored developments in the US-Israeli conflict with Iran.

US President Donald Trump’s military forays in Venezuela and Iran have weakened Opec more than anyone thought possible just months ago. The White House may view this as a major win, but it may ultimately leave both the US and energy markets worse off.

The UAE-based company also wants to operate Chittagong Container Terminal

Overall oil imports to Asia, which takes 85 percent of Gulf crude shipments, plunged 30 percent in April on the year

Brent oil futures for July fell 51 cents, or 0.5 percent, to $113.93 per barrel

Indian traders have begun exporting wheat for the first time ‌in four years, as ample stocks, higher global prices and firmer freight rates have opened a window for them to make small shipments to buyers in Asia and the Middle East, trade sources said.

Several US restaurant chains including Wingstop and Domino’s reported weaker-than-expected sales growth in the latest quarter, saying that soaring gasoline prices caused by the US-Israeli war on Iran have ​forced their customers to cut back on other spending.

Finance minister made the call at a session of the 59th annual meeting of ADB

A delegation of the Pakistani trade body is now visiting Bangladesh

Assistant US Trade Representative for South and Central Asia Brendan Lynch will lead the delegation

Brent crude futures were up 67 cents, or 0.6 percent, to $108.84 a barrel