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Oil Surges and Equities Sink as Geopolitical Tensions and Bond Yields Spike

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

News Summary

  • Escalating US-Iran tensions in the Strait of Hormuz pushed crude oil prices sharply higher, reigniting inflation fears.
  • Concurrently, climbing Treasury yields and renewed Federal Reserve rate hike expectations triggered a broad sell-off across equity markets, hitting high-valuation tech and growth stocks particularly hard.
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104.61 +64.07% over the displayed period

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