Oil Prices Climb and Bonds Falter as Iran War Raises Inflation Fears
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- Trump announced on Monday that he suspended a planned U.S. attack on Iran because serious negotiations were underway.
- Brent crude fell below $110 a barrel in late trading after earlier settling at $112.10.
- West Texas Intermediate settled at $108.66 a barrel and later ticked down to about $106.
- Iran's semiofficial news agency Tasnim said Iran would not agree to end its nuclear program, and the Strait of Hormuz remained closed.
- U.S. stocks inched up from midday losses after Trump's suspension announcement.
Why it matters: Equity investors get a modest boost as stocks rise, while oil producers and bondholders see losses from falling oil prices and higher yields, and inflation worries linger amid ongoing war tension.
