Commodities
Energy Prices Fuel Inflation and Squeeze U.S. Debt
High energy prices are driving inflation and pushing U.S. bond yields to decade highs.
Brent crude trading opened around $105 per barrel on September 11, while the average retail cost of diesel fuel in the United States hit $6 per gallon, a 75% increase since the beginning of the year.
Rising fuel prices are emerging as a principal driver of U.S. inflation expectations, directly eroding the political footing of President Donald Trump.
The oil surge comes amid sustained military confrontation between the United States and Iran, with acute shipping disruption risks persisting due to regional vessel boardings and maritime strikes.