Oil Jumps 3%, Yields Climb as Hormuz Hopes Fade: Stock Market Today
Crude surges above $80 and the 10-year yield hits an August high as an Iran-US deal on the Strait of Hormuz slips away, stalling Wall Street's record run.
Oil prices went up a lot because people think a deal between Iran and the US might not happen, which could affect shipping. When oil gets more expensive and people worry, stock investors usually feel less happy about buying stocks right now.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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