ASX set to rise, oil jumps as Middle East tensions escalate; Fed keeps rates on hold after ‘family fight’

Oil prices are back to jumping as Middle East tensions escalate, while the Federal Reserve kept interest rates on hold, with three of the central bank’s rate-setting committee dissenting.

Oil prices are back to jumping as Middle East tensions escalate, while the Federal Reserve kept interest rates on hold, with three of the central bank’s rate-setting committee dissenting.

The Federal Reserve held interest rates steady for a fifth straight time on Wednesday amid mounting pressure on the bank to stay ahead of another war-driven energy price shock. In a 9-3 decision, the Federal Open Market Committee (FOMC) maintained its baseline interest rate at a range of 3.5 percent to 3.75 percent. It

Oil prices were on the rise again Wednesday on news a brief ceasefire in fighting between the United States and Iran was shattered by renewed missile attacks.

Oil prices surged over seven percent on Wednesday amid renewed Middle East military actions. This rally was also supported by industry data showing a drawdown in US crude inventories. Renewed strikes involving the United States and Iran-backed groups reignited supply concerns. Disruptions continued to affect shippin

Federal Reserve policymakers are losing patience with inflation, but they may not be ready to turn their frustration into action — not this week anyway. Meeting in Washington Tuesday and Wednesday, the Fed is expected to keep its benchmark interest rate unchanged. Members of the central bank’s rate-setting committee ma

Oil prices are back to jumping, while the U.S. stock market is falling ahead of a Federal Reserve decision on what to do with interest rates

US President Donald Trump confirmed on Fox News that the US and Saudi Arabia coordinated attacks on Iran-backed Iraqi militias with the Iraqi government itself. But Iraq has called the strikes a 'blatant violation', and its prime minister has called off a meeting with the Saudi Prince Mohammed bin Salmane due to the at

Attacks on ships in the Strait of Hormuz and the Bab al-Mandab strait are disrupting the passage of oil tankers in the Persian Gulf and the Red Sea.

Iran has reportedly launched missiles towards US military bases in Jordan in a major overnight escalation, according to local and Iranian media.

Economist Professor William Peprah has urged the government to explore closer energy cooperation with Nigeria as part of efforts to reduce Ghana's fuel import costs and cushion consumers from rising petroleum prices.

The boss of Barclays has rejected calls for a windfall tax on banks despite posting bumper profits and increased its bonus pool for the biggest risk-takers.

U.S. Treasury yields dipped Monday after the U.S. and Iran paused hostilities, driving oil prices lower.

The US and Iran held off attacks on one another for a third straight night, helping lift global stock and bond markets and push down oil prices.

Will the other banks follow?

Consumer inflation has undershot expectations for three successive months