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Oil surges after Iran strikes as dollar and rate expectations rise

Oil prices surged following reported strikes involving Iran, while a hawkish signal lifted the dollar, bond yields and expectations for higher interest rates.

By DoomRadar · Published on DoomRadar .

Why it matters

Higher energy prices and tighter financial conditions could increase inflationary and economic pressure internationally.

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  1. Monday catch up in preparation for Asia open: Oil surges on Iran strikes, hawkish Warsh lifts dollar, yields, hike odds ↗investinglive.com · Recorded source date: Aug 31, 2026, 11:47 PM UTC

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