From 24/7 Wall St. · Rich Duprey · · 1m 30s
Dow Tumbles, Oil Surges, Yields Hit 24-Year Highs
Trump considers ramping up Iran attacks as oil prices and Treasury yields surge.
In brief
Trump considers ramping up Iran attacks as oil prices and Treasury yields surge. Rising oil prices and Treasury yields near 5.3% pressure stocks as U.S. prepares for potential Iran military action. Originally reported by 24/7 Wall St..
Market Pressure Intensifies
Rising oil prices and surging Treasury yields are hitting stocks from two directions at once.
Dow Drops 0.4% to 50,990
By noon trading today, the Dow Jones Industrial Average slipped about 190 points, or 0.4%, to 50,990.
Brent Crude Climbs to $105.90
Brent crude climbed to $105.90, while the 10-year Treasury yield stood at 5.29% after touching 5.36% overnight.
Pentagon Prepares for Iran Action
Axios reported the Pentagon has directed Central Command to finish preparations for potentially renewed combat in Iran.
No Final Decision on Iran
President Trump has made no final decision and no launch date has been set for potential military action.
Iran Uncertainty Affects Markets
Investors don’t need to assume an attack is inevitable to see the exposure from disrupted oil shipping.
Treasury Yields Hit 24-Year High
The 10-year Treasury yield hit 5.36% overnight, its highest level in 24 years.
Market Pressure Continues
High energy costs and surging yields turn the market into a pressure cooker for investors.
What Happens Next
Prolonged high oil prices feed inflation and keep pressure on interest rates while Iran uncertainty lingers.
At a glance
Rising oil prices and Treasury yields near 5.3% pressure stocks as U.S. prepares for potential Iran military action.
