Global interest rate hikes are predicted as oil prices spark inflation fears.

The Australian sharemarket has slumped to a fresh six-week low as crude oil traded above $US100 a barrel amid further escalation in the US war with Iran.

Asian stocks fell Thursday as oil prices extended gains a day after breaking the psychological $100 barrier on the back of resurgent Middle East hostilities that have fanned…

Crude benchmarks top $100 in response to latest attacks on shipping

Following a notable rise in oil prices, Asian stocks and bonds faced a downturn, signaling a shift in market sentiment. The latest inflation data has fueled speculation about a…