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EconomyOil jumps to $105, raising chances of a US rate hike

Oil prices rose 4 percent as tanker attacks escalated in the Middle East, with Brent crude topping $105 a barrel and US oil surpassing $100 for the first time since May. Concern over prolonged supply disruptions pushed traders’ expectations of a Federal Reserve rate increase next week to nearly 70 percent.

oil pricesStrait of HormuzFederal Reserveinflation

AAl Jazeera★★★★☆2026-09-10 16:05Original

Oil jumps to $105, raising chances of a US rate hike
Oil jumps to $105, raising chances of a US rate hikeEconomy