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Oil nears $100 a barrel as Middle East tensions fuel inflation fears

Oil prices neared $100 a barrel on Tuesday as tensions reheated in the Middle East, fueling fears that higher inflation data could sway the Federal Reserve to raise interest rates next week.

Coverage (1)· Sep 8, 2:54 PM

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Huawei heads to trial in U.S. over its business dealings in IranNEW YORK – Eight years after U.S. prosecutors secretly charged China's Huawei Technologies with defrauding HSBC and other banks over its business with Iran, the case is finally heading for trial. Huawei also faces charges of conspiring to steal trade secrets from five U.S. technology companies, and is accused of lying about its dealings in North Korea…

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Failing San Antonio Public School Hosts Democrat-Backed Anti-ICE Protesters with Vulgar DisplaysIn yet another chapter of the saga to stop a planned U.S. Immigration and Customs Enforcement (ICE) detention facility in San Antonio, protesters organized by the Bexar County Democrats held a march and rally that began and ended at a local public middle school. The post Failing San Antonio Public School Hosts Democrat-Backed Anti-ICE Protesters with…

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Inflation report lands amid spiking oil prices, rising interest rates and Fed on fenceFriday’s inflation report is shaping up to be among the most consequential in years. Oil and gas prices have spiked again on the back of renewed combat in the Middle East. The Federal Reserve is considering whether to lift its short-term interest rate next week, with some officials saying Friday’s report could swing them either way. And longer-term…