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Oil Slumps on Iran De-escalation; Fed Hike Bets Weigh on Stocks

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

News Summary

  • Oil prices fell sharply as direct U.S.-Iran military conflict was avoided, easing supply disruption fears.
  • However, prices remain historically high, fueling inflation and increasing the likelihood of Federal Reserve interest rate hikes, which pressure broader equity markets.
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104.61 +64.07% over the displayed period

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