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Oil rises amid growing Mideast tensions between Iran-backed Houthis and Saudi Arabia

Worries over supply disruptions due to escalating tensions in the Middle East helped to push oil prices higher.

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IMF warns higher borrowing costs are straining public finances worldwide

Rising sovereign debt and borrowing costs have prompted a fresh warning from the International Monetary Fund (IMF) about risks to the fiscal health of member countries, with 24-year highs in US Treasury yields expected to become one of the focal topics for central bankers and finance ministers gathering in Bangkok this week.

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