Business and finance news from the Asia-Pacific.
President Donald Trump said he would waive oil-related sanctions, have the US Navy escort tankers through the Strait of Hormuz and predicted on Monday that the war with Iran would resolve "very soon" as he confronted mounting economic and political pressure and days of dramatic fluctuations in oil markets. The president said he didn't believe the conflict would be over this week, but insisted the operation was ahead of schedule and looked to shore up investors increasingly concerned about energy prices. He vowed bombing "at a much, much harder level" if Iran disrupted oil supplies. For more on the impact Trump's remarks had on the oil market, we spoke to Stephen Stapczynski, Bloomberg's Asia Energy Team Leader.
Plus - Australia has granted humanitarian visas to five Iranian female soccer players who sought asylum, citing fears for their safety after the team declined to sing the national anthem during a match on the Gold Coast last week. Prime Minister Anthony Albanese said Tuesday that the government is willing to provide similar assistance to the rest of the Iranian women's team, the Lionesses, noting that "this is a very delicate situation and it is up to them" to decide. Craig Foster is an Australian retired soccer player and a human rights activist. He spoke to Bloomberg's Haidi Stroud-Watts.
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