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Oil Surge Sparks Market Turmoil | Montpelier News
Stocks plunged and oil surged as conflict fears resurfaced, rattling markets and reigniting inflation worries. The S&P 500 fell 0.6%, the Dow dropped over 500 points, and Brent crude jumped more than 5%. With shipping lanes like the Strait of Hormuz now under threat, global oil supply could be disrupted — pushing prices higher and potentially forcing the Fed to hike rates again. That’s bad news for stocks, especially for fuel-heavy sectors like airlines and cruise lines. Treasury yields climbed too, signaling higher borrowing costs ahead. Meanwhile, Hong Kong’s Hang Seng index rallied on the…
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