Finance·Jul 24, 2026
Malaysian Ringgit Slips as Oil Shock Revives US Rate Hike Bets
Crude prices surge past $98 per barrel amid West Asia tensions, pushing the greenback higher and rattling Asian currencies.
By Priyanka V. Rao · 2 min ·
Every BriefAsia story tagged Oil Markets, newest first.

Crude prices surge past $98 per barrel amid West Asia tensions, pushing the greenback higher and rattling Asian currencies.

Brent crude reaches one-month peak following escalation in Middle East conflict and renewed threats to Hormuz Strait oil transit

Brent crude rose above $85 per barrel as US-Iran tensions escalated, with Washington resuming naval blockade and Tehran launching retaliatory drone attacks across the Gulf.