WTI Breaks $92 as Middle East Tensions Shake Macro Markets

Geopolitical friction in the Middle East has taken center stage today following direct US strikes on Iranian targets, triggering sharp supply concerns around the Strait of Hormuz [1][2][3]. Energy commodities are carrying the heaviest bid, with WTI crude breaking above $92 and Brent extending past $96 [4][5]. That spike in oil prices is complicating the macro picture, injecting renewed inflation anxiety into a bond market that was already jittery ahead of Friday's nonfarm payrolls release [6][3]. Equity markets are struggling to find uniform traction as a result. While the Dow holds modest gains on lower yields early in…