Set aside to be split
20260911-md0a57 · 2026-09-12
Oil prices climbed to their highest levels since May on Thursday and Friday, with Brent crude briefly topping $108 per barrel. The price surge, attributed to the ongoing Iran-U.S. conflict disrupting Middle East oil flows, contributed to a decline in U.S. stock markets including a fourth straight loss for the S&P 500. President Donald Trump stated on Wednesday that oil prices likely will not decline until after the November midterm elections. Asian economies face heightened concerns about inflation and fiscal constraints from sustained high oil prices and geopolitical tensions in the Strait of Hormuz.
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