Oil Jumps, Treasury Yields Rise After US Strike on Iran
JH Kim
Summary
- International oil prices surged after the US military strike on Iran, and US Treasury yields also rose, Cointelegraph reported.
- Brent crude rose 3% to $91 a barrel, Cointelegraph reported.
- As rising oil prices fueled concerns about inflation pressure, attention has turned to the outlook for US inflation and monetary policy.
Forecast Trend Report by Period
International oil prices surged after the US military strike on Iran, and US Treasury yields also moved higher, Cointelegraph reported on September 31.
Brent crude rose 3% to $91 a barrel.
Treasury yields climbed as higher oil prices fueled concerns about inflation pressure. Bond prices and yields move in opposite directions.
As military tensions between the US and Iran persist, markets are watching how moves in global oil prices could affect the US inflation outlook and expectations for monetary policy.
JH Kim
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