Dow Jones Top Markets Headlines at 7 AM ET: Oil Hovers Close to $95 as Middle East Conflict Further Pressures Bonds | Europe ...

Oil Hovers Close to $95 as Middle East Conflict Further Pressures Bonds

Oil hovered around $95 a barrel as the U.S. and Iran exchanged fresh strikes, putting further pressure on bond yields as a rout in sovereign debt extended in early European trade.

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Europe Joins Global Bond Selloff as Middle East Hostilities Lift Oil Prices

The 10-year Bund yields reached their highest since 2011, yields on 10-year gilts climbed to their highest level since 2007 and Japan's 10-year government bond yield hit its highest level since September 1996.

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G-20 Squabbling Overshadows Summit as Global Bond Markets Strain

The finance ministers' gathering comes to a close amid a global bond-market selloff, spats over tariffs and public insults.

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U.S. and Iran Trade Strikes in Latest Fight for Control of Hormuz

President Trump said the operation was a response to Iran's attempts to mine the strait and target American servicemembers in the Middle East.

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Australia's Second-Quarter Growth Stronger Than Expected

Households continued to behave cautiously, with consumption rising 0.4% in the quarter.

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Reserve Bank of New Zealand Delivers Further Rate Increase

RBNZ raised interest rates, warning that risks for higher inflation remain in play for the economy.

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Jobs Data Could Complicate the Fed's Rate Hike Plans

The Federal Reserve is increasingly expected to raise interest rates in September, but signs of labor-market softness are putting new focus on Friday's jobs report.

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Japan Vows to Keep Eye on Yen as Inflation Fears Rise

A weak yen threatens to accelerate Japan's inflation, given the country's heavy reliance on imports of energy and food.

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South Korea's Inflation Rebounds Above 3%

South Korea's headline inflation rose above 3% again in August after easing the previous month, supporting the central bank's back-to-back rate increases to curb price pressures.

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The Market's Focus Is Shifting to Macro. That's a Big Problem.

Great earnings are now old news. The next market hurdles are the jobs report, CPI, and the Fed's rate decision.

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Chevron Will Grow Venezuelan Oil Production. It's Different Than Trump's Big Bet.

Chevron already produces about 280,000 barrels of oil a day in Venezuela through joint ventures. The company has said it can expand by another 50% over the next two years,

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A War That Won't End Is Complicating the Fed's Next Move

A Fed governor says the central bank should act if inflation doesn't improve soon. The Treasury secretary says high energy prices are a shock the Fed should look past.

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Bank of Canada Expected to Remain On Hold as Trade Conflict With U.S. Escalates

The Bank of Canada is widely expected to keep its main interest rate unchanged on Wednesday as policymakers assess the fallout from a stark deterioration in Ottawa-Washington trade ties.

(END) Dow Jones Newswires

September 02, 2026 07:15 ET (11:15 GMT)