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Iran war promises green edge for Asia as plastic packaging runs short

SEOUL/TOKYO, April 15 (Reuters) – An ‘eco-friendly’ range of paper tubes and pouches touted by Yonwoo, a South Korean maker ​of packaging for cosmetics, has reaped unexpected benefit from the Iran war, which has disrupted supplies of the plastic needed to turn out single-use ‌wrapping. While the conflict has sent prices of plastic soaring to roughly four-year highs by choking off flows of the required raw materials of oil and petrochemicals, the company says it has fuelled inquiries three-fold for paper-based options. “Interest initially came from companies focused on sustainability … but if the plastics issue gets prolonged we expect

Rupee gains 20 paise to 93.15 against US dollar in early trade

Mumbai, Apr 15 (PTI) The rupee recovered 20 paise to 93.15 against the US dollar in early trade on Wednesday, backed by lower levels of crude oil prices and a weak American currency amid hopes of resuming US-Iran peace talks. Investor sentiment turned positive after US President Donald Trump said that a second round of talks with Iran could be held “over the next two days”. The latest remarks, which came days after the two sides failed to reach a peaceful resolution to the conflict in West Asia, led to a sharp decline in crude oil prices, boosting the risk

Asian shares mostly rise after Wall Street rallies on lower oil prices

TOKYO, April 15, 2026 (AP) — Asian shares mostly rose in early Wednesday trading, echoing the rally on Wall Street that came as oil prices eased on hopes the United States and Iran may try again on talks to end their war. Japan’s Nikkei 225 gained 0.5% to 58,162.84. Australia’s S&P/ASX 200 was little changed, inching up less than 0.1% to 8,977.90. South Korea’s Kospi jumped 3.0% to 6,145.18. Hong Kong’s Hang Seng edged up 0.7% to 26,045.80, while the Shanghai Composite gained 0.2% to 4,033.88. On Wall Street, the S&P 500 added 1.2% to its leap from the day

Oil prices fall for a second day on expectations US-Iran talks may resume

TOKYO, April 15 (Reuters) – Oil prices fell for a second day ‌on Wednesday on expectations peace talks between the U.S. and Iran may resume and eventually release supply from the key Middle East producing region trapped by the closure of the Strait of Hormuz. Brent crude futures fell 52 cents, or 0.55%, ​to $94.27 a barrel at 0054 GMT after falling 4.6% in the previous session. U.S. West Texas ​Intermediate crude was down $1.04, or 1.1%, to $90.24 after dropping 7.9% the session before. Talks ⁠to end the war between the U.S. and Israel and Iran could resume in

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