Asian stocks retreat as oil spike revives inflation fears
With the conflict showing little signs of abating, Brent has soared nearly 40% this month alone. "Two of the world's busiest shipping corridors are under…
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Summary
Brent crude held at US$100.85 a barrel, after surging 7% overnight to a two-month high of US$102 as attacks by Iran-aligned Houthis on Saudi tankers in the Red Sea choked off a second crucial Middle East artery for global oil supplies, alongside Iran's near-closure of the Strait of Hormuz. 30-year bond yields were steady at 5.17%, just below a 19-year peak of 5.201%. Iranian officials said Tehran was not interested in a temporary deal, which will leave the Strait of Hormuz issue unsolved.
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Brent crude held at US$100.85 a barrel, after surging 7% overnight to a two-month high of US$102 as attacks by Iran-aligned Houthis on Saudi tankers in the Red Sea choked off a second crucial Middle East artery for global oil supplies, alongside Iran's near-closure of the Strait of Hormuz.
according to Free Malaysia Today30-year bond yields were steady at 5.17%, just below a 19-year peak of 5.201%.
according to Free Malaysia TodayIranian officials said Tehran was not interested in a temporary deal, which will leave the Strait of Hormuz issue unsolved.
according to TASS
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