Business
Fuel Price Rise Pushes UK Inflation to 3.1%, Raises Pressure on Bank of England
Petrol, diesel and airfares pushed annual inflation to 3.1% in August as oil topped $91 a barrel, widening the gap to the BoE's 2% target.
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Oil Prices
Every Axis Signal story on this subject - 6 reports, filed under Business, World
10-Year Treasury Yield Rises to 4.926% as Oil Tops $100, Raising Inflation Risk
The 10-year Treasury yield reached 4.926%, the highest since November 2023, as oil topped $100 and investors eye Friday's CPI and next week's Fed
Oil Tops $100 After Iran Says It Attacked 10 Ships Near Strait Of Hormuz
Tehran said it struck 10 vessels near the Strait of Hormuz in response to US strikes that it says sank five Iranian tankers, pushing oil above $100 a
US and Iran Both Claim Control of Strait of Hormuz, Oil Prices Rise
Washington and Tehran both assert control of the Strait of Hormuz, keeping ship traffic below prewar levels. Fuel costs have risen across markets.
10-Year Treasury Yield Hits 4.788%, Raising Borrowing Costs Nationwide
The 10-year Treasury yield rose to 4.788%, the highest since Jan. 14, 2025, as Middle East tensions and stronger oil prices rekindled inflation fears.
BP Profit More Than Doubles to $5.73bn as Middle East Conflict Lifts Oil Prices
BP reported its highest quarterly profit since 2022 after rising oil prices linked to the conflict in the Middle East boosted earnings, while campaign groups criticised the company over soaring energy costs.