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As the US and Iran trade air strikes in the vital Strait of Hormuz and Yemen’s Houthi rebels step up their campaign against Saudi Arabia, surging oil prices have seen stocks falling across Asia. Investors appear to be holding their breath for the news that the Federal Reserve and other central banks will raise interest rates to tamp down the expected inflation.
The post Oil spike past $100 dampens stock prices, fans inflation fears appeared first on France 24 – International breaking news, top stories and headlines.
