Markets Decline Amid Oil Price Rise Following Reported US-Iran Incident and 3.7% Inflation Reading
52Framing Analysis
Asian and U.S. stock indexes fell while oil prices rose more than 2 percent after reports of a U.S. strike on Iran's Larak island. Inflation stood at 3.7 percent against the Federal Reserve's 2 percent target, with former Fed governor Kevin Warsh calling for policy discipline. Treasury yields and the dollar increased as gold declined.