Oil Above $80 Triggers Gilt Sell-Off as UK Fiscal Strain Collides with US Social Security Crisis
Oil prices above $80 driven by Iranian conflict are triggering gilt market pressure ahead of the UK Spring Statement, while the US faces Social Security insolvency by 2032—four years earlier than projected—as tax cuts threaten trillions in federal revenue. The dual fiscal crises arrive as Fed Chair Jerome Powell's May 2026 departure looms, creating policy uncertainty across both economies.
ViaNews Editorial Team (Markets)•