Global markets edge higher as oil prices stay elevated
European futures rose while Asian shares mixed as oil prices held above one hundred dollars per barrel. Central banks face renewed pressure from energy shocks while bond yields climb globally.
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Brent Crude Oil climbed 2% to $100 after United States President Donald Trump rejected Iran's latest proposal to reopen the Strait of Hormuz. The ongoing conflict has left oil prices up 17% for September, complicating inflation outlooks for central banks globally. Investors are now pricing in aggressive monetary tightening as energy shocks intersect with robust economic growth.
