Oil Prices Top 100 Dollars as Treasury Yields Climb
Crude prices rose as Iran maintained control of the Strait of Hormuz while U.S. Treasury yields reached multi-month highs. Global equity markets mostly declined.
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Brent Crude Oil jumped 5% above $100 on Monday evening as Iran seized control of the Strait of Hormuz. The energy shock pushed 30-year United States Treasury yields above 5%, their highest level since July. Investors face a dual threat of 4% inflation and surging AI infrastructure costs totaling $7.6 trillion by 2031.
