GOLDMAN SACHS RAISES BRENT OIL FORECAST TO $85

Goldman Sachs raised its December Brent crude forecast to $85 a barrel as energy prices climb across Asia-Pacific.

The Iran war and Strait of Hormuz closure have tightened supplies, pushing LNG and diesel prices to yearly highs.

Higher energy costs are lifting inflation forecasts, although subsidies and regulated prices are limiting the impact on consumers.

Core inflation remains relatively contained, with inflation trends varying across regional economies.