Sep. 1 at 12:31 PM
$RGTI
Rising Energy Costs: Brent crude climbed past
$91 a barrel and WTI crude rose above
$87 after fresh military exchanges between the U.S. and Iran stoked supply disruption worries in the Strait of Hormuz.
Inflation Pressures: Higher oil prices triggered a global bond sell-off, pushing yields across the U.S., U.K., and Japan to multi-decade highs as traders reassessed central bank inflation outlooks.
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