Iran, Israel and Oil
Digest more
Top News
Overview
Event details
As Israel and Iran exchanged more attacks, stock markets mostly rose even as worries remained about possible oil supply interruptions.
That sent the yield on the 10-year Treasury up to 4.43% from 4.36% late Thursday. Higher yields can tug down on prices for stocks and other investments, while making it more expensive for U.S. companies and households to borrow money.
Crude oil prices rose for the second consecutive day, with Brent nearing $75 and WTI over $74 amid Middle East tensions. This surge may negatively impact Indian stocks, but benefit upstream firms like ONGC and Oil India,
FRANKFURT, Germany (AP) — Oil surged, stocks ... previously, prices spiked initially but fell once it became clear that the situation was not escalating and there was no impact on oil supply ...
That sent the yield on the 10-year Treasury up to 4.41% from 4.36% late Thursday. Higher yields can tug down on prices for stocks and other investments, while making it more expensive for U.S. companies and households to borrow money.
Oil prices are rising and stocks are falling on worries that Israel's attack on Iranian nuclear sites could damage flow of crude around the world.
Iran has been battling an acute energy crisis for months because of gas shortages, and repairing any damage would both be costly and take significant time.