Shares have skidded in Asia after Brent oil shot to its highest price since May as heavier fighting in the Middle East again threatened to slow the global flow of crude

Shares have skidded in Asia after Brent oil shot to its highest price since May as heavier fighting in the Middle East again threatened to slow the global flow of crude

Brent oil's price jumped above $100 per barrel for the first time since May as increased fighting in the Middle East threatens to slow the global flow of crude. Sharp drops for Alphabet and

U.S. markets ticked higher in premarket trading and oil prices retreated for the first time in a week, even as heavy fighting in the Middle East again threatened to slow

Many of America's key allies on Friday criticized the U.S. administration's new tariffs against them, after President Trump renewed the tax on imports from more than 60 countries just as the previous tariffs expired.

Two U.S. ⁠small businesses on Friday ​challenged President Donald Trump's ‌latest round of tariffs ‌on goods ⁠from ⁠60 trading partners, saying that the new ​policy, like most of Trump's previous tariffs,

President Trump announced a new set of tariffs ranging from 10% to 12.5% on 60 trade partners over "forced labor" concerns on Thursday, just as Mr. Trump's temporary 10% levy was due to expire. Olivia Rinaldi explains what this means for consumers.

President Trump’s latest set of tariffs drew objections Friday from America’s trading partners including China and Japan, with Australia’s trade minister slamming them as “completely unjustified.” The administration announced tariffs of 10% to 12.

The European Central Bank will review — and potentially adjust — its policy stance in September, according to Chief Economist Philip Lane.

The European Central Bank kept interest rates unchanged as expected on Thursday but held the door open to another increase in September, as a fresh jump in energy prices threatens to keep inflation well above its 2% target.

European Central Bank officials are prepared to raise borrowing costs in September unless the euro-zone inflation outlook improves markedly, people familiar with the situation said.

The European Central Bank kept borrowing costs on hold on Thursday but left room ​for more tightening in the coming months as ‌a widening conflict in the Middle East pushed up energy prices again.

FOX Business' Taylor Riggs reacts to oil prices falling after reports Pakistan is looking to restart U.S.-Iran talks with China's backing.

Stocks in Asia were down following a sell-off in the U.S. markets over soaring oil prices, rising borrowing costs and worries about the technology industry.

Oil prices fell back below $100 a barrel on Friday from their highest level since early May, but continued tensions between the U.S. and Iran promise that the energy markets will remain elevated.

Brent crude oil hit $100 per barrel on Thursday, as escalating violence between Iran and the United States continued to fuel concerns over supply disruptions. Earlier in the day, the US military launched fresh strikes on military targets in Iran for the 12th consecutive night.

Commerzbank Chairman Jens Weidmann on Friday invited UniCredit ‌to open talks over the terms of a merger, as the German lender dropped any remaining resistance to the unwanted Italian takeover and focused on extracting concessions.

UniCredit SpA said it will likely assume control over Commerzbank AG soon as Chief Executive Officer Andrea Orcel moves to complete one of Europe’s largest bank deals ever.

UniCredit raised its profit targets for this year and beyond, though net profit for the second quarter was hurt by a one-off hit tied to its offer for Commerzbank.

UniCredit wants Commerzbank to start adopting the strategy the Italian bank ‌has mapped out for its German rival from January, or it could use its 48% stake to install a new board, Chief Executive Andrea Orcel said on Thursday.