๐ข๏ธ Oil Spikes $6/Barrel as US-Iran Tensions Slam the Dow and Push Yields to 4.6%
Brent crude surged to $78.85 -- its third straight session of gains -- after President Trump declared the US-Iran ceasefire over at the NATO summit in Turkey. The Dow fell sharply on the news, and the 10-year Treasury yield hit its highest point since May at around 4.6%. Adding to the uncertainty, newly released Fed minutes show the central bank split on whether to hike at the July meeting under Chair Kevin Warsh. How long can markets hold up if oil keeps climbing? Not financial advice.
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