US stocks slipped as Brent crude climbed above $100 a barrel amid escalating US-Iran tensions and disruptions to oil shipments through the Strait of Hormuz. Rising fuel costs are renewing inflation concerns ahead of key US inflation data and complicating the Federal Reserve's interest-rate decision next week.
US stocks slipped as Brent crude climbed above $100 a barrel amid escalating US-Iran tensions and disruptions to oil shipments through the Strait of Hormuz. Rising fuel costs are renewing inflation concerns ahead of key US inflation data and complicating the Federal Reserve's interest-rate decision next week.
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