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United States and Iran: oil rises on tension, Warsh fuels rate hikePhoto by AKAN CREATOR on Pexels
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United States and Iran: oil rises on tension, Warsh fuels rate hike

Euronews Portugal31 August 2026 at 05:09

Oil prices rose on Monday morning, reacting to the resurgence of tensions in the Middle East. Investors were also evaluating a possible interest rate hike in the United States. Kevin Warsh, a former Federal Reserve governor, is said to have contributed to fueling expectations of a rate increase, which influenced the markets. This environment of geopolitical uncertainty combined with concerns about US monetary policy marked the beginning of the week in oil markets.

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