NEW YORK/LONDON, Aug 12 : Global equities were higher on Wednesday after mild inflation data reinforced bets the Federal Reserve will hold interest rates steady, while oil prices edged higher as investors balanced lower demand against a deadlock in U.S.-Iran talks.The United States and Yemen's Iran-aligned Ho

(Bloomberg) -- Oil held onto gains as fading hopes for a deal to reopen the Strait of Hormuz revived inflation concerns before key US data this week.

(Bloomberg) -- Oil kept its gains from a four-day rally as fading hopes for a deal to reopen the Strait of Hormuz revived inflation concerns before key US data later this week.…