Iran war

US economy powers ahead as AI boom, shoppers defy oil shock

The growth figures show that despite unhappiness over inflation, Americans have yet to pull back on their spending.

US couple sold up to retire at sea – and then their dream ran aground in Cambodia

American couple Paul and Lynn Montoya lived on a residential cruise ship for 17 months before they were told to disembark at a port in Cambodia.

Shell reports second-highest profit ever as oil refining hits record

Adjusted net income surged to US$10.8 billion (S$13.8 billion) in Q3, the London-based major said on Oct 29.

Oil declines as traders parse signs of fresh diplomacy on Iran

Iran said it will continue giving diplomacy a chance while US President Donald Trump said negotiations were taking place through mediators.

Trump says Vance reached out to Iran to offer medical supplies

The Wall Street Journal reported on Oct 28 that US Vice-President J.D. Vance wrote to an Iranian official in a bid to revive peace negotiations

European gas prices hit 100 euros for first time since 2022

Gas prices in Europe still remain far below the peaks of the 2022 energy crisis triggered by Russia’s invasion of Ukraine.

Caretaker role could limit Israel’s Netanyahu, but not when it comes to waging war on Iran

Israeli Prime Minister Benjamin Netanyahu speaking to the media after voting at a polling station in Jerusalem, Israel, on Oct 27.

Iran court sentences award-winning filmmaker Jafar Panahi to 5 years in prison

Iranian filmmaker Jafar Panahi shows off the trophy he received after winning the Palme d’Or at the Cannes film festival in 2025.

US tells ships to avoid unnecessary transits through Hormuz

The US military last publicly issued a similar notice in mid-July, when it began its blockade of Iranian shipping.

News analysis

As Iran war drags on, airlines pull back on fuel hedges and warn of rising fares

AirAsia CEO Tony Fernandes says the Malaysian budget carrier was mostly done with hedging and was budgeting for 12 months of high oil prices.

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MDDI (P) 046/10/2025. Published by SPH Media Limited, Co. Regn. No.202120748H. Copyright © 2026 SPH Media Limited. All rights reserved.