The Hang Seng Index climbed 0.7 per cent to 23,689.13 at the close, ... A shutdown of the Hormuz Strait would probably raise oil prices to as high as US$120 a barrel, he added.

Global markets appear to have taken the U.S. strike against nuclear targets in Iran in stride as investors await next moves ...

The calming in the oil market came as several analysts said Iran would likely refrain from closing the waterway. Iran itself ...

The calming in the oil market came as several analysts said Iran would likely refrain from closing the waterway. Iran itself ...