Oil Rises and Stocks Fall as US-Iran Truce Expires
A 60-day ceasefire between the United States and Iran expired Tuesday without a permanent agreement, sending global stocks lower. Crude oil prices advanced as a worldwide bond selloff deepened, with yields reaching a 19-year high. The collapse of the truce triggered renewed investor anxiety across equities, commodities, and fixed-income markets.
Key facts
- A 60-day ceasefire between the U.S. and Iran expired without a permanent agreement.
- The expiration occurred on Tuesday.
- Global stocks came under pressure.
- Oil prices climbed higher.
- A worldwide bond selloff deepened.
- Bond yields reached a 19-year high.
- The truce was between the United States and Iran.
- No permanent agreement was reached.
Entities
Locations
- United States
- Iran
Sources
- Quartz —