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Shares skid in Asia as oil rises, rate hikes loom
SYDNEY: Share markets slid in Asia on Monday as supply concerns caused oil prices to spike anew, while investors braced for possible interest rate hikes in both the United States and Japan this week. Brent climbed 3% as new strikes on Saudi Arabia and on ships in the Gulf tested nerves, after an attack on a Saudi oil pipeline and an advance by Yemen’s Houthis threatened to worsen the wartime disruption to global energy supplies. A meeting in Oman between Iran and Gulf Arab states, scheduled for Monday to discuss a deal on opening the Strait of Hormuz, was postponed. With shipping through th...
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