Report
Brent Crude Surges Above $114 on Middle East Tensions and Supply Risks
The Guardian reports Brent reached $114.72 after Tehran threatened retaliatory attacks on Gulf oil and tech facilities.
TLDR
The Guardian reports oil hit a five-month high amid fears of renewed US strikes on Iran. Brent rose to $114.72 after Tehran threatened retaliatory attacks on Gulf oil and tech facilities. A market commentator interprets a falling 10-year yield as a sign of growth fears rather than an inflation shock, even with oil above $114.
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