Oil Surges After US Strikes Iran Again; Futures Fall, September Hike Bets Jump

LCO +0.52%

1. 1US stock futures fell early Monday after the US struck Iran for the first time since late July.
2. 2Brent crude rose 2.5% to $90.31 a barrel, while the probability of a 25bp September rate hike climbed to about 60% from roughly 35%.
3. 3Strait of Hormuz tensions and hawkish Fed comments fueled inflation and rate-hike concerns.

Source Investing.com +2 · View original ↗

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