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Benchmark Treasury yields are hovering near the middle of their months-long trading range as fears fade of an inflation shock caused by surging oil prices.
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Oil prices sink, stocks jump in dramatic reversal NBC NewsTracking gas and oil prices as war with Iran escalates CNNThe 24 Hours When Oil Markets Went Wild WSJOil plunges 10% on Trump's Iran comments, but the chaos could continue Business InsiderFears of 1970s-style stagflation arise with oil spike to $100. How big a threat is it? CNBC
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World leaders are scrambling to confront the surging cost of oil, as its fallout also threatens to revive inflation in an array of other products.
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