Mortgage rates jumped on Monday as the US-Israeli strikes on Iran sent oil prices surging, and Treasury yields rose amid fresh concerns about inflation.

Mortgage rates jumped on Monday as the US-Israeli strikes on Iran sent oil prices surging, and Treasury yields rose amid fresh concerns about inflation.

A new report ascribes a cost to the \\

Bloomberg’s gauge of the dollar rose as much as 0.8% to its highest since early February following the weekend’s US and Israeli military strikes on Iran. With the effective closure of the key Strait of Hormuz driving up oil by the most in four years, the

Tanker traffic through the strait effectively stalled over the weekend as US and Israeli attacks on Iran escalated into a regional conflict. About a fifth of the world’s oil and liquefied natural gas typically flows through Hormuz each day. Iran said th

The US intends to sustain its assault on Iran for “four to five weeks,” President Donald Trump told the New York Times. US 10-year yields climbed three basis points to 3.97% after earlier falling to an 11-month low of 3.92%. Thirty-year yields rose four

Tanker traffic through the strait — the chokepoint off Iran’s coast that handles a fifth of the world’s oil and large volumes of gas — has largely halted, with a self-imposed pause in place by shipowners and traders as the conflict spreads. In the latest

Following the escalation of the conflict in the Middle East, energy analysts expect oil prices to surge this week, with the potential to exceed $100 per barrel if disruptions to traffic in the crucial Strait of Hormuz persist.

Crude prices rose in early trade on Monday morning as investors continue to weigh the potential impact of escalating tensions in the Middle East on the supply of energy.View on euronews

Oil prices surged above $80 as U.S. and Israeli strikes on Iran disrupted tanker traffic through the Strait of Hormuz and injected a fresh geopolitical risk premium into global energy markets.

\\

Oil rose in early trading late Sunday, but diesel was outstripping gains in crude. The post Oil climbs in early trading, diesel rising more than crude appeared first on FreightWaves.

The U.S. and Israeli attacks on Iran rattled world markets on Monday, with U.S. futures falling more than 1% and oil prices soaring, though gains for defense contractors and oil companies helped limit losses in Asian trading. European markets opened shar

Military strikes on Iran rattled global markets on Monday with U.S. futures following markets in Europe and Asia lower. Energy prices rose sharply. Futures for the S&P 500 and Dow Jones Industrial Average each sank about 1%.

Oil futures surged in the first trades since the United States and Israel launched strikes against Iran over the weekend.