Brent crude set for record monthly gain; Asia shares falter as Iran war rages
Oil prices are set for a record monthly rise due to the war in the Middle East, sparking fears of higher inflation and slower growth. Asian shares are headed for their steepest fall since 2022, capping a tumultuous month.
Oil prices rose on Tuesday, heading for a record monthly gain. The war in the Middle East has stoked fears of higher inflation and slower growth. Asian shares fell, heading for their biggest monthly decline since 2022. The conflict has disrupted oil supplies, driving up prices. This has led to concerns about the impact on the global economy. The situation continues to unfold, with markets closely watching developments.
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