Oil prices jumped more than 4% after Jordan and the United States intercepted an Iranian missile barrage against American forces in the Middle East. Brent crude rose to $85.79 a barrel and U.S. crude to $83.04 a barrel. The Federal Reserve is not expected to raise or cut rates at Wednesday’s meeting, though 76% of Wall Street traders anticipate a rate hike in September. South Korea’s Kospi index fell 6% as investors continued to dump AI-related chipmakers’ shares.
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