Nations in the region have been keen to reach agreements as their economies are heavily reliant on Middle East energy.
The agreement would see EU tariffs on US goods reduced to zero while US tariffs on EU imports set at 15%.
Australia and the EU sign sweeping trade and security deals after years of negotiations.
Virginia's Bobby Dyer is hoping to grow business on both sides of the pond.
With oil supply disrupted, Beijing's oil reserves and renewable energy push are being put to the test.
February saw the sharpest drop in Canada's employment totals since the Covid-19 pandemic, mostly due to the US tariff squeeze
Maersk chief executive Vincent Clerc has called on the US, Israel and Iran to reach "some kind of deal".
A trade court has cleared the way for businesses to receive refunds for tariffs that the Supreme Court struck down last month.
Scott Bessent says that "likely sometime this week" the US will increase its global tariff on imports from the existing 10%.
