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Oil Nears $100 on Middle East Conflict as US Stocks and Bonds Tumble

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The Story

News Summary

  • U.S.
  • stocks fell as Brent crude neared $100 following strikes on Saudi energy infrastructure amid Middle East conflict.
  • Rising energy costs pushed the 10-year Treasury yield above 4.8%, stoking inflation and rate-hike concerns ahead of key CPI data, while fresh trade tensions with Canada compounded market pressure.
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