Oil Prices Climb as Global Markets Turn Nervous
Global oil prices have surged to their highest levels in months, driven by renewed conflict between the U.S. and Iran, rattling equity markets and bond yields.
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Global oil prices have surged to their highest levels in months, driven by renewed conflict between the U.S. and Iran, rattling equity markets and bond yields.
Renewed U.S.-Iran fighting is driving oil volatility, inflation fears and higher global bond yields, putting pressure on stocks and borrowing costs worldwide.
Global markets turned cautious on Friday ahead of Federal Reserve Chair Kevin Warsh's first Jackson Hole keynote, with investors seeking clarity on how the central bank will respond to inflation.
Australia's annual inflation slowed to 3.5% in July but remained above market forecasts of 3.3%, raising the probability of another interest rate hike by the Reserve Bank of Australia.
India's sugar prices hit record highs before easing after a government import order. Here is what drove the surge and why retail rates are falling more slowly.
India's wholesale price inflation eased marginally to 9.78% in July 2026, down from 9.87% in June, as a sharp fall in fuel and power costs offset rising pressure from food, metals and chemicals. The…
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