Update: Stock prices drop as oil spike fans fears of worsening inflation

France 24 — English has covered a development concerning “Update: Stock prices drop as oil spike fans fears of worsening inflation,” with the available account limited to the facts included in the supplied text.

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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