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Oil Spikes Toward $100 on Middle East Strikes as US Futures Tumble

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The Story

News Summary

  • U.S.
  • stock futures and global equities dropped as escalating Middle East tensions and strikes on Saudi energy infrastructure drove oil near $100.
  • Rising energy prices stoked inflation worries, pushing 10-year Treasury yields above 4.8%, while retaliatory Canadian tariffs added to the risk-off market sentiment.
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