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US-Israel war on Iran

US-Israel war on Iran
Latest news and updates on the US and Israel's strikes on Iran, in which Supreme leader Ayatollah Ali Khamenei was killed, and Iran's responses.
Industry leaders have warned of a rise in operational costs. Photo: Jelly Tse
Hong Kong transport

Extend fuel subsidy or costs will go up, Hong Kong taxi and minibus drivers warn

Two-month liquefied petroleum gas subsidy scheme to expire on Friday, with operators warning monthly costs to rise by up to 33 per cent.

2026 Xi-Trump summits

‘Quite disappointed’? Trump’s mixed signals ahead of Xi’s September trip

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Yemen

US launches more strikes on Iran as conflict spreads across region

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United States

US Fed holds interest rates steady despite Warsh’s inflation vow

The decision drew dissents from three policymakers on the 12-member panel, as Trump’s Iran war continues to push up prices.

US Federal Reserve Chairman Kevin Warsh in Washington in June. Photo: Reuters
US-China relations

US sanctions mainland China, Hong Kong firms over Iranian oil shipments

Six targeted tankers allegedly carried crude to China as Washington links economic campaign to US Navy enforcement.

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Iran

Iranian missile salvoes and US-Saudi strikes shatter brief Middle East lull

Joint air strikes hit Tehran-backed militia sites in Iraq after dozens of drone and missile attacks across the region.

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Middle East

Trump’s irritation over leak signals strains as Netanyahu visits White House

The US president criticised leaked talking points on Iran’s nuclear site before meeting with the Israeli prime minister.

Israel’s Prime Minister Benjamin Netanyahu meeting with US President Donald Trump in the Oval Office. Photo: Israeli Government Press Office via AFP
Oman

Oman offers Iran Gulf-backed plan for voluntary fees to use Hormuz

Under the proposal, Iran will not exercise sole control and fees would be voluntary, a system analogous to ‌one in place on Asia’s Strait of Malacca.

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Australia

Australia weighs first refinery in 60 years as Middle East war strains fuel supply

With only two operating plants left nationwide, Canberra orders a study on a major new Western Australia facility.

Donald Trump

Iran halts strikes as Trump gives space to talks

The calmer situation eased worries about a resurgence in inflation and a fresh round of interest rate hikes.

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People drive past an anti-US and Trump billboard in Tehran on Monday.Trump said on Friday he had not decided whether to return to an all-out operation. Photo: EPA
US-China relations

How Trump’s Iran ‘own goal’ is hitting US strategy to contain Chinese influence

An Indian-backed port long seen as a counterweight to Beijing is now caught in the crossfire of the US war against Iran.

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A satellite image shows damage caused to the port of Chabahar in Iran following US air strikes. Photo: Reuters
Iran

Pentagon moves 4 killed US troops out of official Iran war death toll

New casualty category called ‘Overseas Operations’ draws scrutiny over war’s true impact on US forces.

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International Property

Demand for Dubai homes cools as Iran war drags on

Sales volumes fell markedly in May and June, according to Knight Frank, with rising costs adding to developers’ woes.

Iran

Iran claims progress in Oman talks after US halts air strikes

Iran and Oman are discussing management of the Strait of Hormuz – including imposing service fees, a move the US opposes.

Vessels transit through the Gulf of Oman on Saturday. Photo: AFP
United States

100 days to US midterms, Trump faces defeat amid anger over inflation, Iran war

A Democratic house is likely to subject Trump’s administration to investigations and potentially expose him to a third impeachment drive.

US President Donald Trump tosses his Trump 2028 hat to an attendee during the White House Correspondents Dinner on Friday. Photo: Getty Images/TNS
Iran

US pauses nightly Iran strikes, as Houthis clash with Saudis

The halt came without any announcement or explanation after 13 consecutive days of attacks.

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Saudi Arabia

Houthi blockade of Saudi trade threatens wider Middle East conflict

As Houthi attacks disrupt Red Sea shipping, analysts warn of ‘brinkmanship’ that could yet spiral into all-out conflict.

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Iran

‘Locked and loaded’: Trump vows more Iran strikes while hinting at talks

A 13th night of strikes post-ceasefire triggers counter-attacks across the Gulf, with crude spiking as Hormuz shipping grinds to a near-halt.

Smoke rises from an explosion at an unknown location during what the US military said were strikes on Iranian military targets earlier this week. Photo: US Central Command/Reuters
Central Asia

China tests Central Asian land corridors to bypass maritime chokepoints

New Afghanistan link via Uzbekistan highlights diversification push, but critics ask if Taliban can ensure security for stable logistics.

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Middle East

Smaller Asian airlines seek to add routes despite Middle East war, fuel costs

Akasa Air aims to raise its capacity while AirBorneo plans to connect more regional destinations as larger rivals face constraints to expand.

War and conflict

US-Iran fighting escalates as explosions heard in Iraq, sirens in Bahrain

As the US strikes Iran, Tehran targets Strait of Hormuz ships and US allies and assets in the region, apparently including tech giant Amazon.

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Smoke rises after explosions were heard near the airport in the city of Erbil, on Friday. The area hosts US-led coalition troops in Iraq’s semi-autonomous Kurdistan region. Photo: AFP
China trade

China energy giant expands Korean footprint, helps fuel Seoul’s AI ambitions

The state-owned firm’s new project, independently managed by the company’s South Korean subsidiary, brings its number of power facilities in the country to five.

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One of CGN Energy International’s gas-power projects is seen in South Korea. Photo: China Energy News
Asean

Can Southeast Asia survive more Iran war fuel shocks?

Analysts warn the region cannot fully insulate itself from an extended conflict if the Strait of Hormuz remains disrupted.

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India

Coke is hit? In India, Iran war can shortage sends Diet Coke prices fizzing

The closure of the Strait of Hormuz, a critical supply route for aluminium cans, has forced Coca-Cola to source some from Southeast Asia.

Iran

Trump throws Saudi nuclear deal into doubt with Israel recognition demand

White House says pact hinges on Riyadh joining Abraham Accords, a condition analysts say the kingdom is unlikely to accept.

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US President Donald Trump and Saudi Crown Prince Mohammed bin Salman during a meeting in Riyadh in May 2025. Photo: AFP
Houthis

Chinese tanker passes Red Sea choke point despite Houthi blockade

Chinese tankers returning from the Saudi port of Yanbu may be able to negotiate passage on a case-by-case basis, a report says.

A satellite image shows the Bab al-Mandab Strait, a key shipping waterway and the gateway to the Red Sea. Image: Nasa Worldview via Reuters
Houthis

Trump vows to punish Iran and Houthis for Red Sea attacks as oil surges

The US president says he is considering relaunching major combat operations in Iran and is close to a decision.

The Philippines

Indonesia-Philippines power link sparks hopes of cheap energy, stable supply

Efforts to establish links under the Asean Power Grid scheme would first need to overcome technical and political hurdles, experts say.

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