Quartz·2 min read·medium

September rate hike odds jumped to 82%. Brent hit $100. The Dow lost 458 points

Cris Tolomia
AI Summary

Financial markets reacted to geopolitical tensions as Brent crude prices surged past $100 following Houthi attacks on tankers and threats against Iran. Simultaneously, the Dow Jones Industrial Average dropped as expectations for a September interest rate hike increased.

Houthi attacks on Saudi tankers and Trump's threats against Iran sent Brent crude above $100 for the first time in months

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September rate hike odds jumped to 82%. Brent hit $100. The Dow lost 458 points — Headlinne — headlinne