Oil jump keeps Wall Street split on Iran shock
Stocks bounced off 6-month lows as hopes for calmer Hormuz shipping eased fear, but higher crude kept pressure on inflation and airline margins.
Coverage of market moves, trends, and key drivers across asset classes.
Stocks bounced off 6-month lows as hopes for calmer Hormuz shipping eased fear, but higher crude kept pressure on inflation and airline margins.
March jobs data steadied stocks, but Iran-war jitters kept oil, equities and bitcoin whipsawing as investors weighed higher energy costs.
Stocks swung on Iran and oil headlines as traders priced in de-escalation hopes but still paid for war risk.
Markets swung as traders weighed Iran war risks and shipping signals in the Strait of Hormuz, with oil holding above $110 a barrel.
The Trump administration and the CFTC sued Illinois, Connecticut and Arizona to block state gambling oversight of prediction markets like Kalshi and Polymarket.
As oil stays near $112, Washington faces $10T in debt refinancing and a possible $200B war request, with higher yields feeding into mortgages and stocks.
Weak demand at recent Treasury auctions pushed yields higher as investors weigh oil-driven inflation and rising U.S. borrowing costs amid the Iran conflict.
Trump’s comments on talks with Iran eased oil’s fear premium tied to the Strait of Hormuz, even as Tehran denied direct negotiations.
Even as Trump talked diplomacy with Iran, the Pentagon moved forces into position and traders kept pricing Hormuz risk.
Investors sold Asian stocks after Trump warned Iran to reopen the Strait of Hormuz in 48 hours, raising fears of strikes on Gulf energy and water systems.
US stocks and bonds fell as Brent oil settled at $112.19 and the 10-year Treasury yield rose to 4.39%, while gold slid more than 10% for the week.
Brent crude settled at $112.19 a barrel, the 10-year Treasury yield hit 4.39% and the S&P 500 fell 1.51% as markets weighed oil-driven inflation.