Global energy and debt markets absorbed fresh shocks as stepped-up Iranian attacks on oil tankers in the Strait of Hormuz drove Brent crude above $101 a barrel and pushed the 30-year U.S. Treasury yield to 5.70%, its highest level since 2002, pressuring equity futures lower. Supply worries were compounded in the Gulf of Mexico, where Tropical Storm Isaias was forecast to become a hurricane threatening offshore rigs and Chevron's Pascagoula refinery. The compounding economic fallout from the war on Iran prompted the World Bank to warn that Asian economies are exhausting foreign exchange…
Hour in Review — 2026-10-07 13:00 UTC
Waconzy News Desk1 min read · 93 words0 comments
Join the discussion
Sign in to comment, vote and follow the stories you care about.
Sign in to commentNo comments yet. Be the first to add context to this story.