Iran, Israel and Oil
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As Israel and Iran exchanged more attacks, stock markets mostly rose even as worries remained about possible oil supply interruptions.
That sent the yield on the 10-year Treasury up to 4.43% from 4.36% late Thursday. Higher yields can tug down on prices for stocks and other investments, while making it more expensive for U.S. companies and households to borrow money.
FRANKFURT, Germany (AP) — Oil surged, stocks ... previously, prices spiked initially but fell once it became clear that the situation was not escalating and there was no impact on oil supply ...
Oil prices are rising and stocks are falling on worries that Israel's attack on Iranian nuclear sites could damage flow of crude around the world.
That sent the yield on the 10-year Treasury up to 4.41% from 4.36% late Thursday. Higher yields can tug down on prices for stocks and other investments, while making it more expensive for U.S. companies and households to borrow money.
Iran has been battling an acute energy crisis for months because of gas shortages, and repairing any damage would both be costly and take significant time.
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