Quartz·3 min read·medium
U.S. 30-year Treasury yield climbs back to 2002 high as oil tops $100
✦AI Summary
U.S. 30-year Treasury yields have reached 2002 highs as Brent crude oil prices surpassed $102 per barrel. The spike follows Iranian attacks in the Strait of Hormuz, fueling concerns over inflation and potential Federal Reserve interest rate hikes.
Why it matters
Geopolitical instability in energy-rich regions is directly impacting global financial markets and domestic monetary policy expectations.
Fresh Iranian attacks on vessels in the Strait of Hormuz pushed Brent crude…
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