US oil jumps above $100 and stock futures slump
· economictimes.indiatimes.com
Amid the escalating U.S.-Iran conflict, crude oil prices in the U.S. have surged past one hundred dollars, leading to marked increases in global oil benchmarks that ripple through international markets. This surge coincides with a decline in U.S. stock futures, attributed to rising wholesale inflation in August. Meanwhile, the European Central Bank has raised its key interest rate to address mounting inflation, directly affecting household budgets and shipping costs.
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