Global oil price at its highest since May while investors dump stocks and bonds after Donald Trump’s $5,000 ‘dividend’ promise
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Fuel prices are on track to climb a further 20-30 cents per litre over the coming weeks, after the escalating Middle East conflict pushed the global oil price to its highest since mid-May.
As investors dumped stocks and bonds in an increasingly febrile environment, Donald Trump’s promise to give every US adult citizen a US$5,000 “dividend” after the November midterms if Republicans win added to alarm around the parlous state of the country’s finances.
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