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Oil prices rally, US data dents chances of Fed rate hike

Summary by Times of India
Global shares declined Friday as markets monitored U.S.-Iran talks and Federal Reserve rate hike expectations. Oil prices rose more than a dollar per barrel amid escalating geopolitical tensions and faltering peace talks. U.S. consumer sentiment weakened due to rising living costs, impacting retail sales and the dollar. Chipmaker stocks faced pressure, contributing to declines in major U.S. stock indices.

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The Straits TimesThe Straits Times
Reposted by
Times of IndiaTimes of India
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Oil prices rally, US data dents chances of Fed rate hike

Read more at straitstimes.com.

·Singapore, Singapore
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The Straits Times broke the news in Singapore, Singapore on Saturday, August 15, 2026.
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