Oil prices rise sharply on Middle East tensions and US hurricane threat

Image: The Guardian
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- Global bond market sell-off continues and stocks fall amid another wave of potential strikes against Iran Business live – latest updates Oil prices have risen sharply amid fears about escalating tensions in the Middle East and a squeeze on production from the threat of a hurricane off the US…
- A majority of ownership in a proposed multibillion-dollar deal would go to a group of Middle Eastern investors, including some with business ties to U.S. negotiators.