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1 revisions for "The Iran War's Slow Burn: How $96 Oil and Rising Yields Are Squeezing Wall Street — and Why the Worst May Not Be Over"

Anonymous10 days ago

The Dow Jones Industrial Average dropped 424 points on June 2 as oil prices climbed back toward $96 per barrel and the 10-year Treasury yield pushed above 4.49%, driven by stalled U.S.-Iran negotiations and a stronger-than-expected ADP jobs report. The selloff reflects a broader repricing that has been building since the Strait of Hormuz closure in March, with the 30-year yield hitting 5.1% in May and oil surging more than 80% year-to-date, forcing the Federal Reserve into an extended hold that markets increasingly fear could become a hike.