Oil, Uncertainty, and the Market's Fickle Dance As global oil prices surge amidst escalating Middle East tensions, Wall Street's losses are mirroring the anxiety that's spreading across financial markets.
The latest escalation of threats from US President Donald Trump against Iran has sent Brent crude prices soaring by 2. 4%, further exacerbating concerns about inflation and bond yields.
The national debt has now topped $US40 trillion, an ominous milestone reached despite Washington's continued spending spree.