Global Stocks and Oil Prices Rise on Gulf Tensions
Global markets rose as oil prices climbed above 110 dollars following new US proposals for the Gulf. Investors also remain alert for yen market intervention.
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Global markets rose on Monday as Brent Crude Oil jumped $2.50 to $110.73 per barrel following new U.S. military proposals in the Middle East. The surge follows a warning from Iran to United States forces regarding the Strait of Hormuz. Rising energy costs and hawkish central bank signals are forcing investors to recalibrate inflation risks and interest rate expectations.
