Apple Unveils Foldable iPhone Duo Amidst Soaring Oil Prices

Apple has unveiled its latest lineup of iPhone models, including the foldable iPhone Duo, which starts at $1,999. The new devices come with higher prices than their predecessors, with the iPhone 18 Pro and Pro Max priced $100 higher.

The move follows a surge in Brent crude prices above $100 a barrel, marking the first time since July 24. The increase is attributed to escalating tensions in the Middle East, which have raised concerns about disruptions to regional oil supplies.

Meanwhile, Bitcoin has struggled below the $80,000 level as investors assess the impact of rising oil prices and a stronger Japanese yen. US Treasury Secretary Scott Bessent has hinted at possible intervention in currency markets.