AM 10 Sep 26: Oil surges above $100 a barrel

Escalating tensions in the Middle East rattled global markets overnight after US and Iranian attacks on tankers pushed oil above US$100 a barrel for the first time since late July. Wall Street fell as inflation concerns sent bond yields higher, with the ASX poised to follow with a sharp drop at the open. Plus, what the US bond market is signalling about the path for interest rates.

James Gruber, Equity Market Strategist at CommSec takes you through all the key numbers.

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