U.S.-Iran Strikes Put $100 Oil Back in Focus

AI Summary

U.S.-Iran strikes have escalated tensions in the Middle East, pushing regional oil prices above $100 per barrel. This increase coincides with surging global bond yields, raising concerns about prolonged inflation and potential demand risks tied to rising energy costs.

U.S.-Iran strikes reignite fears of a prolonged Middle East conflict as Hormuz tensions push regional oil benchmarks above $100. Rising Bond Yields Turn Oil’s Rally Into a Demand Risk - Global bond yields have surged to their highest since 2008, as rising oil prices perpetuate fears of longer-than-assumed inflation, in turn creating a cycle of lower demand further down the road.   - The rally in bond yields started in earnest after new Federal Reserve chairman Kevin Walsh vowed to finally tame US inflation, currently at 3.4%, sending…