Global oil prices surge amid Middle East escalation, impacting bond markets and inflation
Story essentials
Bank of Canada, U.S. Federal Reserve, European Central Bank, Middle East combatants
Middle East, North America, Europe
September 10, 2026
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COMPAMIR Editorial Team
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Read our editorial policy- Earlier version 19/11/2026, 2:21:01 AM
Oil prices surged past US$100 per barrel due to intensifying conflict in the Middle East. Central banks are facing pressure to raise interest rates as inflation concerns mount. Bond yields have reached multiyear highs in the U.S. and Canada.
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Related book
The Prize: The Epic Quest for Oil, Money, and Power
Author: Daniel Yergin
This Pulitzer Prize-winning book provides the definitive history of the global oil industry, explaining how geopolitical conflicts in the Middle East have historically dictated oil prices and, consequently, global economic stability and inflation.
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