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Brent oil passes $100 on Mideast flare-up, stoking inflation worries
AFP15d agoneutral
Brent oil passes $100 on Mideast flare-up, stoking inflation worries

International oil benchmark Brent spiked above $100 a barrel Wednesday for the first time since late July following renewed US-Iran hostilities in the Middle East, stoking fears of widespread price rises and interest rate hikes. Iran on Wednesday launched fresh attacks against US targets in the Middle East in retaliation for American strikes on Iranian oil tankers, dragging the foes deeper into war.

Asian shares are mixed as Brent crude approaches $100 a barrel
Associated Press16d agoneutral
Asian shares are mixed as Brent crude approaches $100 a barrel

Asian shares were mixed in cautious trading early Wednesday as investors watched for what might happen on interest rates and the war with Iran pushed oil prices higher. Japan's benchmark Nikkei 225 was nearly unchanged at 65,249.95, and South Korea's Kospi gained 1.2% to 7,041.10. The Shanghai Composite gained 0.2% to 3,949.89.

World shares and US futures decline, while oil prices press higher
Associated Press17d agoneutral
World shares and US futures decline, while oil prices press higher

World shares and U.S. futures skidded Tuesday as flaring conflict in the Middle East pushed oil prices higher. In early European trading, Germany's DAX declined 0.3% to 25,922.44 and the CAC 40 in Paris fell 0.2% to 8,291.43. Tokyo's Nikkei 225 gave up early gains, sinking 1.7% to 65,269.33 as major exporters were sold due to a surge in the value of the Japanese yen.