Trump hasn’t ruled out a draft for war with Iran — but is conscription constitutional?
Escalating conflict involving Iran has sent global markets into decline as oil prices surged above $119 per barrel. Stock and bond markets worldwide fell as investors worried about the economic impact of the widening Middle East conflict. Central banks, including the ECB, are now weighing how the crisis might affect inflation and monetary policy.
The selloff reflects genuine concerns about supply chain disruptions and energy costs that could reignite inflation globally. With oil above $119, investors are pricing in prolonged economic uncertainty that could force central banks to abandon their current policy stances.
Officials like those at the ECB are taking a measured approach, holding rates steady while assessing the actual economic impact. They're signaling they need more clarity on whether the conflict will prove durably damaging before making policy changes.
-
Bonds, Stocks Extend Declines as Oil Pushes Higher: Markets Wrap
Bloomberg
-
Bonds, Stocks Resume Declines as War Risks Linger: Markets Wrap
Bloomberg
-
US Stocks Waver, Oil Steadies as War Risks Linger: Markets Wrap
Bloomberg
-
US Yields Continue to Push Higher as Inflation Fears Persist
Bloomberg
-
Brent crude briefly tops $119 as Iran attacks Gulf energy sites
The Hill
-
Bonds and Stocks Sell Off as Oil Rally Extends: Markets Wrap
Bloomberg
-
Selling Jolts Stocks, Bonds as Oil Rally Steepens: Markets Wrap
Bloomberg
-
ECB Holds Rates Steady as Officials Measure Cost of Iran War
Bloomberg
-
Trump hasn’t ruled out a draft for war with Iran — but is conscription constitutional?
The Hill
-
Europe’s biggest airlines say fuel price spike caused by Iran war will drive up fares
Guardian World