Brent crude topped $85 a barrel as oil extended gains and US Treasuries held onto losses after the standoff between the US and Iran intensified, according to Bloomberg.
The escalation raised concerns that potential supply disruptions could reignite inflation and bolster the case for higher interest rates ahead of CPI data.
Brent Tops $85 as Rate-Hike Bets Rise Ahead of CPI: Markets Wrap
2026-07-14 01:55:26
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