Dollar Rises to Two-Month High as Oil Prices Hover Near $100
The dollar touched its highest level in two months on Friday, as elevated oil prices sparked worries over inflation and the war in Iran showed no signs of winding down.
The dollar touched its highest level in two months on Friday, as elevated oil prices sparked worries over inflation and the war in Iran showed no signs of winding down.
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The dollar touched its highest level in two months on Friday, as elevated oil prices sparked worries over inflation and the war in Iran showed no signs of winding down.
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Gold slipped on Friday, on pace for a second weekly decline as the war in the Middle East kept oil prices around $100 a barrel, underpinning global inflationary pressures.
Brent crude traded near $100 a barrel following one of the most volatile weeks ever for the oil market, with investors bracing for more upheaval as Iran pledged to keep the vital Strait of Hormuz effectively shut.
Iran has released video it says shows the moment one of its explosive-laden boats struck a US-owned oil tanker in Iraq.
Video shows damage to a Dubai high-rise building hit by a drone.
Forecasters say storms are becoming more intense in the region, partly due to global warming. Grouped from 2 articles across 2 sources.
Brazil’s state-controlled oil giant Petroleo Brasileiro SA raised domestic diesel prices just a day after the Brazilian government announced federal tax breaks on fuels to shield consumers from surging crude prices.