Oil Jumps 8%, S&P 500 Falls 2.5% as Iranian Strikes on Energy Infrastructure Trigger Stagflation Debate
Iranian attacks on oil and gas facilities sent crude up 8% and European gas prices up 85%, while the S&P 500 dropped 2.5% and Korean stocks plunged 12%. The supply-side shock revives stagflation concerns and prompts policymakers to discuss potential Fed-Treasury coordination frameworks for yield curve management.
ViaNews Editorial Team (Markets)•