
Oil Prices Surge Past $95 as US-Iran Military Clashes Escalate
Renewed military strikes between the United States and Iran have pushed crude oil prices above $95 per barrel. The escalating geopolitical conflict is simultaneously triggering significant volatility across global bond and equity markets.
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Global bond selloff deepens as US launches fresh attacks on Iran
Oil prices rose, stocks fell and bond yields spiked after the US launched fresh attacks on Iranian targets. Japan's 10-year bond yield hit 3% for the first time since 1996. The deepening global selloff comes amid fears over rising inflation and concern over mounting government debt - which in the US has risen above 40 trillion dollars. Meanwhile, in the single-currency Eurozone, inflation rose to the highest level in three years in August, driven by higher energy prices.
By Yuka ROYER
Read full article →UAE Business: Oil prices rise as US-Iran conflict escalates - Gulf Daily News (Bahrain)
UAE Business: Oil prices rise as US-Iran conflict escalates Gulf Daily News (Bahrain)
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