Commodities
Brent crude holds above $101 as US-Iran tanker war escalates in the Gulf
Brent crude is trading at $101.04 per barrel and WTI at $96.09, holding near recent highs after sharp gains driven by the escalating US-Iran...
Analysis
Oil-importing Asian central banks, particularly the Bank of Japan and Reserve Bank of India, face a materially harder policy path as Brent at $100 and a 40% cumulative price gain since conflict onset feed directly into headline CPI. Both institutions enter their autumn policy cycles with reduced room to cut or hold accommodatively. India's fuel subsidy bill expands mechanically; Japan's import-cost inflation complicates the BoJ's already cautious normalisation sequencing.
17 hours ago
