Brent Nears $98 as US-Iran Ceasefire Strains Stall US Stock Gains
Updated
Updated · Bloomberg · Jun 3
Brent Nears $98 as US-Iran Ceasefire Strains Stall US Stock Gains
3 articles · Updated · Bloomberg · Jun 3
Summary
Brent crude rose 2% toward $98 a barrel, extending a three-day climb as strains in the US-Iran ceasefire revived supply and inflation worries.
S&P 500 futures were little changed after a nine-day, AI-driven rally pushed the benchmark to record highs, showing equities struggling to build on recent gains.
Bond yields advanced across most markets as higher oil prices fed inflation concerns, tightening pressure on risk assets.
Europe’s Stoxx 600 fell 0.3%, underscoring how the ceasefire tensions were rippling beyond US markets.