Stock prices drop as oil spike fans fears of worsening inflation
Published by WarSignal Editorial · Last updated
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.
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