The ceasefire in the Middle East was severely tested on Monday with Iran firing a series of missiles at the UAE, hitting an oil plant, while US warships escorted two tankers through the Gulf of Hormuz The post US-Iran Ceasefire Teetering After Clashes in Gulf, UAE Attacks appeared first on Asia Financial .

Oil rose after Trump's angry reaction to Iran's response to the latest US peace proposal. It caused most Asian markets to fall; meanwhile, the UN fears a long stand-off will spur a food crisis. The post Oil Rises, Markets in Limbo as US-Iran Peace Talks Collapse appeared first on Asia Financial .