Oil Prices Climb as Global Markets Turn Nervous
Global oil prices have surged to their highest levels in months, driven by renewed conflict between the U.S. and Iran, rattling equity markets and bond yields.
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Global oil prices have surged to their highest levels in months, driven by renewed conflict between the U.S. and Iran, rattling equity markets and bond yields.
Renewed U.S.-Iran fighting is driving oil volatility, inflation fears and higher global bond yields, putting pressure on stocks and borrowing costs worldwide.
Brent crude topped $91 a barrel as renewed military strikes between the United States and Iran near the Strait of Hormuz revived fears of a wider energy supply disruption.
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