Oil Prices Rise Amid Iran Conflict, Fueling Inflation Concerns
Oil prices have risen due to ongoing tensions in the Middle East, particularly the conflict involving Iran. Brent crude, the international benchmark for oil, increased by 1.77% to $111.16 a barrel, its highest level in nearly two weeks, before settling at $110. This rise is attributed to an attack on a nuclear power plant in the UAE and stalled peace talks between the U.S. and Iran. President Trump has issued a warning to Iran, emphasizing the urgency of the situation. The conflict has also affected global bond markets, with the U.S. 10-year Treasury yield reaching 4.631%, its highest since February 2025. 
