Live Roundups Editor's Desk Insights Executive Ops Weather About 🔍
Home › Business & Finance › Hormuz Reopening Would Offer Relief for Asia, but...
Business & Finance

Hormuz Reopening Would Offer Relief for Asia, but Economic Scars Will Remain

Hormuz Reopening Would Offer Relief for Asia, but Economic Scars Will Remain
NYT Business Monday 15 June 2026, 02:55 UTC By River Akira Davis 1 min read
Key Points

Ships in the Strait of Hormuz in Oman last week. More than four-fifths of the petroleum and liquefied natural gas transiting the strait is typically bound for Asian markets.

Ships in the Strait of Hormuz in Oman last week. More than four-fifths of the petroleum and liquefied natural gas transiting the strait is typically bound for Asian markets.
Hormuz Reopening (ORG) Asia (LOCATION) the Strait of Hormuz (LOCATION) Oman (LOCATION) Asian (ORG)
Originally published by NYT Business Read original →

Related Stories

Oil prices tumble and Asian shares surge as US and Iran near deal to end Middle East war

Oil prices tumble and Asian shares surge as US and Iran near deal to end Middle East war Tentative peace agreement offers reprieve for numerous central banks convening this week by easing pressure to tighten monetary policy in response to energy-driven inflation expectations - Bookmark - CommentsGo to comments Asian markets surged on Monday while oil prices tumbled following a tentative peace agreement between the US and Iran. The deal is expected to alleviate global inflationary pressures...

The Independent World 16m ago

LBMA Says Gold's Status as a Safe Haven Still Holds

Jun 15th, 2026 LBMA Says Gold's Status as a Safe Haven Still Holds London Bullion Market Association CEO Ruth Crowell thinks the narrative of gold's status as a safe haven still holds. She adds that it's important to measure safe haven status in years rather than weeks or months. She speaks with Paul Allen on "Insight with Haslinda Amin."

Bloomberg Markets 26m ago

SpaceX: To the moon for investors or a bumpy ride? Here's what experts say

Days after Elon Musk's SpaceX made its debut on the Nasdaq, much ink has been spilt over the company, the valuation, and its place in the burgeoning tech space. The company's stratospheric IPO has made founder Elon Musk the world's first trillionaire, and if the first day's price action is anything to go by, investors are still very optimistic. SpaceX closed at $161, jumping 19% from its offer price of $135 per share.

CNBC 27m ago

Lubrizol Aims to Double India Rev. Over Next 5 Years

Jun 15th, 2026 Lubrizol Aims to Double India Rev. Over Next 5 Years Lubrizol Corp. President & CEO Rebecca Liebert expects to double its revenues in India over the next five years, and says the company has put a lot of investment in this market to enable that growth.

Bloomberg Markets 28m ago