Schlagwort: Oil Supply Disruption

Oil prices surged past $96/barrel as the US-Iran conflict in the Strait of Hormuz escalated dramatically, triggering a broad risk-off selloff across global markets. US stocks tumbled for a third straight session with the Dow falling 419 points to 52,766, while gold slid 2.5% to $4,316/oz as surging bond yields and dollar strength weighed heavily…