Oil Jumps Near $90 On Iran Risk, California Utilities Crater: Stock Market Today
Brent climbed after new U.S.-Iran strikes, pushing the 10-year yield to a 19-month high; Edison and PG&E collapsed on a wildfire bill.
Oil prices went up because of fighting between the U.S. and Iran, which makes energy companies more valuable. But big California power companies dropped because of a new wildfire bill that could cost them a lot of money.
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