Bonds unsettled as oil and gas climb, earnings loom for AI
Oil and gas prices surged due to escalating conflict in the Gulf, with Brent crude surpassing $90 a barrel for the first time in over a month. This rise in fuel costs has reignited inflation concerns, leading to increased U.S. Treasury yields and impacting stock valuations, particularly in the technology sector ahead of major earnings reports. Analysts warn that if the conflict continues, oil prices could rise to around $150 per barrel, further straining supply and demand dynamics.