
Oil shock drives US yields to multi-decade highs

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Rising oil prices, driven by Middle East conflict and the Strait of Hormuz closure, have pushed U.S. yields to multi-decade highs, raising inflation concerns. This has led to a decline in major U.S. stock indices as investors seek safer assets. The Federal Reserve faces challenges in cutting rates due to persistent inflation, with markets anticipating a potential rate hike by year-end.

