Israeli Attacks in Gaza Kill at Least One Palestinian, Wound Several Others

Iran Rejects Ceasefire In Formal Reply To US, As Israel Attacks Key Petrochemical Plants Summary:  A Sunday night Axios report on a US-proposed 45-day ceasefire has by Monday morning been rejected by Iran, which later on Monday issued a 10-point letter via Pakistan. Israel strikes large petrochemical plant at South Pars, which is responsible for half of the country’s petrochemical production. There's been another extension of what had been a 10-day deadline for Iran to open the Strait of Hormuz - a deadline that was initially set to expire on Monday evening. Now...

Samsung, Union Resume Talks After Labor Action Scare; Goldman Says "Korea: Buy" Downward momentum in South Korean stocks was halted on Monday as optimism returned to Samsung Electronics after the company and its union reopened talks to resolve contract disputes and avert a strike that could begin as soon as Thursday. Bloomberg reported that the union's leader would "sincerely engage" with Samsung executives. The world's most important memory chip maker was also granted several requests by a Korean court, including orders to block the union from occupying company facilities. The union...

Southeast Asia Needs 100TWh More Power, But Its Weak Grid Is A Problem By Haley Zaremba of OilPrice.com The war in Iran has exposed a critical vulnerability in Southeast Asia’s energy markets. The region is heavily dependent on fossil fuel imports, and demand is continuing its steep growth trajectory even as global crude oil prices remain punishingly high. Though the Strait of Hormuz is finally reopening, restoring flows of crude oil out of the Persian Gulf and toward Asian buyers, global oil markets have a long road toward recovery. Luckily, the...