The US Federal Reserve opened its two-day meeting on Tuesday with policymakers expected to keep interest rates unchanged as they digest weak economic data and gauge the economic effects of the Iran war.

South Korea’s ruling party said on Monday the country will lift a cap on coal-powered generation capacity set at 80 percent and boost the use of nuclear power to about the same level.

The war in the Middle East has put the United States at high risk of falling into stagflation, Nobel Prize-winning economist Joseph Stiglitz told AFP on Monday.

Here are the latest economic events in the Middle East war on Tuesday:

Bangladesh will open the entire 6 gigahertz (GHz) band for unlicensed use, allowing devices such as smartphones, laptops, routers, smart TVs and VR headsets to use this spectrum, according to the reciprocal trade deal with the United States.

The new US investigations do not, in themselves, raise tariffs, but they are a reminder that Dhaka remains vulnerable to legal and political trade pressure despite the recent bilateral agreement.

The crisis has forced the cancellation of over 600 Middle East-bound flights from Bangladesh

Oil loading at the UAE's port of Fujairah was at least partly halted on Tuesday

Economists have warned that surging diesel prices could slow global economic activity

The advances pared some of the previous day's sharp losses that came after the head of the IEA said more stockpiles could be tapped if needed

The Association of Southeast Asian Nations (Asean), which the Philippines currently chairs, will expedite the enforcement of an energy-sharing mechanism which will allow member states to support each other’s oil and gas needs during supply disruptions.

Oil prices jumped further above $100 Monday and Asian stocks mostly fell as the Iran war moved into a third week with both sides showing no sign of backing down and diplomats trying to ensure safe passage for tankers through the crucial Strait of Hormuz.

President Donald Trump’s top energy official said Sunday that Americans will have to endure the “short-term pain” of higher prices at the pump as US forces conduct their war against Iran.

President Donald Trump’s top energy official said Sunday that Americans will have to endure the “short-term pain” of higher prices at the pump as US forces conduct their war against Iran.

The dollar pulled back from 10-month peaks ​on Monday in a tentative start to a week that brings a slew of central bank meetings held under the shadow ‌of the US-Israel war on Iran.

The roadmap targets coordinated reforms across four key agencies

Asia is particularly at risk, with much of the region highly dependent on Gulf oil shipped via the Strait of Hormuz

The latest round of investigations "is extremely unilateral, arbitrary and discriminatory", it said

Brent crude futures climbed $1.27, or 1.2%, to $104.41 a barrel by 0400 GMT

The Bangladesh Bank has allowed Trust Bank to appoint more than one director from its sole sponsor shareholder, the Army Welfare Trust, exempting the lender from a provision in banking law.