NEW YORK (AP) – U.S. stocks recovered much of an early loss amid growing concerns about whether the global economy can withstand spiking prices for oil, which briefly got to nearly $120 per barrel on Monday. Wall Street had initially followed global markets on a steep descent earlier in trading and remains twitchy and quick to reverse.
WELLINGTON, New Zealand (AP) – Australia has granted asylum to five members of the Iranian women’s soccer team who were visiting the country for a tournament when the Iran war began, Australia’s Home Affairs Minister Tony Burke said Tuesday.
Oil prices continued to soar on Monday as the Iran war intensified, threatening production and shipping in the Middle East and pummeling financial markets. The price for a barrel of Brent crude, the international standard, surged to as high $119.50 per barrel early in the day but later was trading above $101 per barrel, up 9%.
NEW DELHI (AP) – The United States and Iran have offered sharply different accounts of the sinking of an Iranian warship in the Indian Ocean last week, with Washington rejecting Tehran’s claim the vessel was unarmed and Iranian officials insisting it was operating in a noncombat role.
SEOUL, South Korea (AP) – The United States began a large military exercise with South Korea involving thousands of troops Monday while also waging an escalating war in the Middle East. South Korea’s Joint Chiefs of Staff has said about 18,000 Korean troops will take part in Freedom Shield, which runs through March 19.
TOKYO (AP) – Japan is preparing to deploy its first batch of domestically developed long-range missiles, with their launchers arriving at an army camp Monday as the country accelerates its offensive capability in response to rising challenges in the region.
DHAKA, Bangladesh (AP) – Bangladesh’s police chief said diplomatic efforts are being made with India to arrange the handover of two suspects in the killing of a Bangladeshi political activist whose death sparked protests across the country.
KUNSHAN, China (AP) – A glimpse of what the future of flying taxis might look like can be seen in this southeastern Chinese city. In a hangar in Kunshan, more than 60 kilometers (about 37 miles) west of the port of Shanghai, a sort of gigantic drone was preparing for a demonstration. Called the Matrix, it’s a 5-ton electric vertical takeoff and landing vehicle, or eVTOL.
JAKARTA, Indonesia (AP) – A massive avalanche of garbage at Indonesia’s largest landfill killed at least five people and left several others missing after heavy overnight rain triggered a rubbish dump collapse, officials said Monday.
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