world ⛽ US-Iran strikes push oil past $100 mark
Recent direct US-Iran attacks have renewed fears of a prolonged Middle East conflict extending into 2027. This tension is making Hormuz transits difficult, causing Middle Eastern benchmarks to rise above $100 per barrel. Global bond yields have surged since 2008 as inflation fears persist due to high oil prices. This rising cost environment is slowing down major economic activities globally and increasing borrowing costs. The market now anticipates a near 60% chance the Federal Reserve will raise rates next month. ⛽