Oil Prices Rise Above $95 Amid U.S.-Iran Tensions; Rate Hike Odds Increase
Brent crude futures surged past $94.93 a barrel, reaching their highest level in over a month due to ongoing U.S. military strikes against Iran. The oil price increase has raised concerns about inflation and led markets to assign higher probabilities of Federal Reserve rate hikes this year.
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Topics: earnings season Federal Reserve interest rates oil prices stock market movement