Oil spike past $100 dampens stock prices, fans inflation fears

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.

This story was originally reported by France 24. As an automated real-time news aggregator, NewsToolBar provides multi-perspective indexing and AI summarization while directing full readership directly to primary publisher sources.