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US-Iran Conflict Shuts Hormuz: Oil Surges to $95 as Yields Spike

Yahoo Finance Read original source (opens in a new tab)
The Story

News Summary

  • Renewed US-Iran hostilities and the closure of the Strait of Hormuz pushed WTI and Brent crude up over 4%.
  • Rising energy prices and sticky inflation drove 10-year Treasury yields to 4.79%, accelerating Federal Reserve rate-hike bets and pressuring broader equities.
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WTI price history

103.31 +73.81% over the displayed period

Advisor Snapshot

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