economy
Brent crude touches $115 a barrel, while U.S. stocks recover some losses
Brent crude touched $115 a barrel on Monday amid new threats from President Trump that the U.S. could destroy Iranian infrastructure, including power plants and oil wells, if the Strait of Hormuz isn't reopened.
TL;DR
- Brent crude rose to $115 a barrel amid threats from President Trump regarding Iranian infrastructure.
- U.S. stock markets recovered some losses, with the Dow and S&P 500 showing gains.
- Some investors see current stock prices as a buying opportunity due to market corrections.
- Rising oil prices present inflationary risks, potentially influencing Federal Reserve interest rate decisions.
- Treasury yields eased slightly on Monday after earlier increases due to market worries.