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Oil surged Monday after the U.S. moved to block Iranian shipping following failed peace talks.
Japan’s 10-year government bond yield reached a 29-year high of 2.49% after U.S.–Iran tensions escalated.
KEY POINTS
- The U.S. Navy is preparing to blockade Iranian ports following the collapse of peace talks.
- S&P Dow Jones Indices is launching a new credit-default swap index tied to the private credit market.
- Gold dipped to a near one-week low as surging oil prices reduced expectations for Fed rate cuts.
COMPANIES
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