(Bloomberg) -- Oil advanced for a second day as the standoff between the US and Iran intensified, reigniting inflation concerns and boosting bets on an interest-rate hike. Asian equities edged higher after a volatile session for semiconductor stocks.

(Bloomberg) -- Oil rose and Treasuries fell after the US launched another round of strikes against Iran, reviving concern that higher energy prices will keep inflation elevated…

Brent crude climbs 3.3 per cent in early trade to reach $78.50 a barrel