Yields rise and oil jumps on US and Iran clashes
Bond yields rose and stocks fell as oil prices jumped over two percent following renewed military clashes between the United States and Iran. The escalation heightened inflation worries and increased expectations of upcoming interest rate hikes from major central banks.
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Brent Crude Oil jumped over 2% and Wall Street indexes fell on Monday after military clashes resumed between the United States and Iran. The escalation added fresh inflation worries to markets already bracing for central bank rate hikes.
