"A sustained $10 increase in oil prices is expected to increase inflation by 0.4% and lower GDP by 0.4%": Apollo Global Management 's ( APO -4.34%) chief economist Torston Slok says oil is fueling U.S. stagflation fears, adding to the effect expected from import tariffs.

A sustained surge in oil prices is likely to complicate the U.S. fight against inflation. A $10-a-barrel increase would boost year-over-year growth in the Consumer Price Index by 0.5 percentage points,

In a widely expected move, the State Bank of Pakistan (SBP) kept the policy rate unchanged at 11 percent on Monday, citing emerging external sector risks, the fiscal impact of the upcoming budget, and a recent rebound in international oil prices.

An hour with a big fixed income manager is a discussion of the big issues. Expect volatility, he says – a bit of a tired line, although not an untrue one.

SINGAPORE] Oil’s latest rally may have little immediate impact on Singapore, but analysts warn that an escalation in Middle East tensions – particularly a blockade of the highly strategic Strait of Hormuz – could send prices of the commodity soaring past US$100 a barrel,

There are palpable fears that the escalating tension in the Middle East could drive up energy costs in Nigeria as crude oil prices continue to surge.

Oil prices are rising and stocks are falling on worries that Israel's attack on Iranian nuclear sites could damage flow of crude around the world.