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Oil Surges Past $105 and Global Stocks Slide as US-Iran Tensions and Inflation Bite

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

News Summary

  • Global markets retreated as Brent crude surged past $105 amid escalating US-Iran conflict and hotter-than-expected US PPI inflation.
  • European equities fell following an ECB 25 bps rate hike, while surging US Treasury yields pushed Wall Street lower, dampening risk appetite across equities and precious metals.
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