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

A report from France 24 — English focuses on “Update: Oil spike past $100 dampens stock prices, fans inflation fears” and sets out the main development contained in the supplied source material.

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. The report also notes that Investors appear to be holding their breath for the news that the Federal Reserve and other central banks is expected to raise interest rates to tamp down the expected inflation.

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