Iran allows Philippine-flagged ships through Strait of Hormuz amid energy crunch

Al Jazeera Al Jazeera

Asian markets rose on signs of more traffic through the Strait of Hormuz, with Korea’s Kospi up nearly 3% and Japan’s Nikkei 225 gaining 1.5%.

Brent crude rose above $110 a barrel after President Donald Trump reiterated threats to strike civilian sites in Iran.

Al Jazeera’s Patrick Fok reports from Singapore.

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