Commodities
Oil Prices Soar to New Heights Amid US-Iran Tensions
The global stock market has been hit hard by rising oil prices and inflation fears in September 2026.
Brent crude oil has surged above $94 per barrel, driven by escalating military tensions between the US and Iran around the Strait of Hormuz. This price spike has triggered a sharp sell-off in government bonds, pushing the benchmark 10-year U.S. Treasury yield to its highest level since January 2025.
The resulting rise in borrowing costs is weighing heavily on equities, with major stock indices posting declines as investors brace for the possibility that the Federal Reserve may need to raise interest rates rather than cut them at its upcoming policy meeting.