{
  "id": 7202662,
  "title": "Shares slip in Asia as oil climbs, rate hikes loom",
  "url": "https://urgent.news/2026/09/13/shares-slip-in-asia-as-oil-climbs-rate-hikes-loom-7202662",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-13T23:32:17.000Z",
  "source": {
    "name": "Straits Times Business",
    "slug": "straits-times-business",
    "url": "https://www.straitstimes.com/business/shares-slip-in-asia-as-oil-climbs-rate-hikes-loom"
  },
  "original_language": "en",
  "account": "On September 14, share markets in Asia experienced a decline as oil prices surged and investors anticipated potential interest rate hikes from both the United States and Japan. Brent oil prices increased by 3%, reaching US$107.84 a barrel, after new strikes on Saudi Arabia and Yemen's Houthis threatened to disrupt global energy supplies. A meeting between Iran and Gulf Arab states to address the Strait of Hormuz was postponed due to concerns over shipping through the strategic waterway. The US consumer price report on September 11 fueled expectations of an 86% chance of a 25 basis point rate hike by the Federal Reserve in September, with further hikes expected by December. JPMorgan's chief US economist, Michael Feroli, stated that two rate hikes this year were anticipated. Meanwhile, Brent futures rose 3.1% to US$107.84, while US crude gained 2.8% to US$102.85. Nikkei futures fell 2% to 63,260, and Wall Street indices experienced declines of 0.5% for the S&P 500 and 1% for the Nasdaq. Treasury futures showed slight gains, with two-year yields increasing by 26 basis points and 10-year yields adding 19 basis points as the yield curve flattened. Goldman Sachs' US equity strategist, Ben Snider, believed strong corporate earnings would bolster Wall Street amid rising borrowing costs. The BOJ is expected to raise its cash rate by a quarter point to 1.25% during its September 18 meeting, with hawkish remarks on further tightening also anticipated. The dollar remained at 153.77 yen, while the euro and sterling showed stability. Gold prices declined by 0.3% to US$4,336 an ounce, as higher bond yields reduced its appeal.",
  "summary": "Analysts fear oil prices could stay elevated for a lengthy period, stoking inflation globally.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 6,
    "also_reported_by": [
      {
        "outlet": "CNA - Business",
        "title": "Shares skid in Asia as oil rises, rate hikes loom",
        "url": "https://urgent.news/2026/09/13/shares-skid-in-asia-as-oil-rises-rate-hikes-loom-7215054",
        "published": "2026-09-13T23:10:00.000Z"
      },
      {
        "outlet": "Investing.com",
        "title": "Shares slip in Asia as oil climbs, rate hikes loom",
        "url": "https://urgent.news/2026/09/13/shares-slip-in-asia-as-oil-climbs-rate-hikes-loom-7195369",
        "published": "2026-09-13T23:12:27.000Z"
      },
      {
        "outlet": "Free Malaysia Today",
        "title": "Shares slip in Asia as oil climbs, rate hikes loom",
        "url": "https://urgent.news/2026/09/13/shares-slip-in-asia-as-oil-climbs-rate-hikes-loom-7201351",
        "published": "2026-09-13T23:30:07.000Z"
      },
      {
        "outlet": "New Straits Times",
        "title": "Shares slip in Asia as oil climbs, rate hikes loom",
        "url": "https://urgent.news/2026/09/14/shares-slip-in-asia-as-oil-climbs-rate-hikes-loom",
        "published": "2026-09-14T01:52:45.000Z"
      },
      {
        "outlet": "Business Recorder",
        "title": "Shares skid in Asia as oil rises, rate hikes loom",
        "url": "https://urgent.news/2026/09/14/shares-skid-in-asia-as-oil-rises-rate-hikes-loom",
        "published": "2026-09-14T02:55:11.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}