Dizzying month on markets with Middle East war

PARIS, France — Oil prices soaring, bond yields climbing and equities slumping… financial markets saw dizzying movements in March thanks to the war in the Middle East. Oil prices on fire, stagflation stalks The closure of the Strait of Hormuz, through which a fifth of the world’s crude transited before the war, sent oil prices skyrocketing. The price of Brent crude, the benchmark international oil contract, soared nearly 50 percent. That is a record monthly gain since Bloomberg began compiling data on oil prices in 1988. WTI, the benchmark US oil contract, closed above the symbolic level of $100 per barrel […]... Keep on reading: Dizzying month on markets with Middle East war

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