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US Stocks Tumble as Oil Surges Past $101 on Middle East Conflict

CNBC TV18 Read original source (opens in a new tab)
The Story

News Summary

  • US stocks dropped as Brent crude surged past $101 following US attacks on Iranian tankers, shuttering Strait of Hormuz traffic.
  • Mounting inflation fears and rising 10-year Treasury yields to 4.849% weighed heavily on equity markets ahead of key inflation data and central bank meetings.
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BRENT price history

103.08 +58.78% over the displayed period

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