Asian markets opened lower following a US tech selloff driven by OpenAI concerns, while oil prices stabilized amidst geopolitical tensions impacting inflation forecasts.
Renewed US-Iran tensions caused international oil prices to surge, with WTI rising 6.6% to approximately $88 per barrel. Additionally, IATA warned that European airlines might cancel flights by late M
ANZ raised its Brent crude forecast to $88 by year-end and over $90 in 2026 amid Middle East supply disruptions. Analysts cite geopolitical tensions and export losses removing 10 million barrels per d
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