Commodities
Oil Prices Surge Past $100 as Global Stocks Decline Amid Inflation Fears
The global stock market declined yesterday as oil prices surged and US bond yields jumped due to renewed Middle East tensions and inflation concerns.
Brent crude climbed above $100 a barrel, while the US 10-year Treasury yield hit its highest level since 2007 at 5.11%.
Iranian President Masoud Pezeshkian vowed that Tehran would not 'bend at the knee' to the US, as their stalled war drags on.
On Wall Street, the Dow Jones fell 0.68%, and the broader S&P 500 slid 0.75%, while the Nasdaq shed 1.13%.