Markets

Greece is making an aggressive push to become Europe’s next hedge fund hub. Millennium Management, which oversees more than $97 billion, is preparing to open an Athens office, while billionaire fund manager Chris Rokos is moving his tax residency from Britain to Greece.

Brent crude is approaching $100 a barrel as renewed fighting across the Middle East threatens already strained oil supplies. Houthi attacks on Saudi cities, U.S. strikes on Iranian tankers and renewed Iranian attacks have pushed a growing geopolitical risk premium into energy markets.

The Federal Reserve could raise interest rates again in September after stronger-than-expected U.S. job growth revived concerns that the economy remains too strong for inflation to fall quickly.