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THU 08 OCTMorning1:38 PM

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BIZThe Guardian

Oil prices jump 5% on Middle East tensions and US hurricane threat

Photo: Anadolu/Getty

Global bond market sell-off continues and stocks fall amid reports White House has asked to see options for more strikes against Iran Business Oil prices have risen sharply amid fears about escalating tensions in the Middle East and a squeeze on production from the threat of a hurricane off the US coast. Brent crude, the international benchmark, rose by 5% to $105.3 a barrel on Thursday, triggering a wave of selling in the global bond and stock markets.

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BIZThe Guardian

Microsoft suspended from applying for green cards for H-1B workers, JD Vance says

Vice-president also says Adobe is barred from visa program that allows high-skilled workers to apply for US residency Microsoft is suspended from applying for permanent residency for workers employed through a US visa program for high-skilled workers, JD Vance announced on Thursday. The US vice-president accused the tech company of abusing the H-1B system, which allows those on the visa to work while they apply and are in process for a green card.

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