Oil jumps to $105, pushing up chances of a US interest rate increase

NEWS SUMMARY

Oil prices surged past $100 a barrel, with Brent crude hitting $105, following intensified attacks on shipping in the Strait of Hormuz and Red Sea, attributed to Iran and its allies. This escalation in supply disruption fears has increased the likelihood of a US interest rate hike, as traders now price in a nearly 70 percent chance of an increase at the next Federal Reserve meeting.

Full BriefGenerated 9d ago

Prices spiked as attacks on oil tankers escalated amid the US-Iran war.

This page aggregates and summarizes reporting from Al Jazeera. The Conflict Pulse does not author original reporting. Read the original source for full coverage.

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CONFLICT OVERVIEW

Iran

Latest verified updates on Iran’s regional confrontation, U.S.–Israeli strikes, missile retaliation, proxy networks, sanctions, and Strait of Hormuz risks.

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