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Carlyle's asset‑backed finance chief

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Oil price surge affecting markets

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Latest: Oil price near $100 drives central‑bank rate focus as bonds lose shock‑absorber role

On July 24, Barclays warned that a continued impasse in the Strait of Hormuz could push Brent crude well above its 2026 forecast of $96 per barrel, with spot prices potentially reaching $150 if the blockage persisted for