Oil prices surge after Trump rejects Iran’s plan to reopen Strait of Hormuz
Brent crude rises more than 3 percent to top $107 a barrel as Washington dismisses Tehran’s proposal to end war.

Brent crude rises more than 3 percent to top $107 a barrel as Washington dismisses Tehran’s proposal to end war.

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The unanimous decision comes as prices have remained stubbornly high and despite Trump’s demands for lower rates.
The 25 basis-point hike is the first raise in three years and comes before critical midterm elections in the US.

Palestinian human rights lawyer Noura Erakat was arrested in Florida after speaking against an Israel Bonds investment.
The defeat dealt a major blow to efforts to establish the first comprehensive federal framework for digital-asset market
The 10-year US Treasury yield hit 5.02 percent on Tuesday for the first time since the 2007 global financial crisis.
US president says current oversight is adequate and regulations could allow China to win AI competition.
The presidents of Iran and Russia have criticised US dollar dominance ahead of the BRICS summit in India.
Petrol prices jumped 3.9 percent month-to-month, accounting for one-third of the overall inflation increase in August.
Prices have spiked as attacks on oil tankers in the Gulf escalate amid the US-Israel war on Iran.
Benchmark Brent crude hits $100, shaking markets and fuelling concerns over rising inflation pressures worldwide.