Oil near $100 puts central banks in rate spotlight

Crude oil briefly surpassing $100 a barrel has intensified inflation concerns ahead of G7 central bank meetings. The Federal Reserve, Bank of England, and Bank of Japan are set to announce rate decisions this week, with investors eyeing potential hikes as soon as September. Beyond energy, massive AI investments and Trump's tariff policies add to price pressures. Bond yields have jumped, and the US 30-year yield neared its highest since 2007. Middle East hostilities have further boosted oil prices, raising expectations of dissent among Fed officials.