US-Iran stalemate sends oil higher, weighs on stock markets

AI Summary

A stalemate between the United States and Iran has pushed oil prices higher and weighed on stock markets. President Donald Trump’s rejection of an Iranian proposal for a seven-day truce also lifted bond yields and heightened inflation concerns.

Oil prices spiked with bond yields Monday as Donald Trump's rejection of an Iranian offer of a seven-day truce stoked inflation concerns, while stocks were mixed as traders look ah...