Markets Shake as U.S.-Iran Tensions Escalate | Business and Finance News

Global markets are in freefall as Asia leads the drop, U.S. futures slide, and Europe braces for a brutal start—all fueled by soaring bond yields hitting multi-decade highs. Crude oil surges past $90/barrel, with the White House eyeing Venezuela deals that analysts say won’t deliver quick relief. The real spark? Escalating U.S.-Iran tensions, including strikes and retaliatory fire, with Trump stressing U.S. dominance of the Strait of Hormuz and Iran’s economic woes. At the G20, China clashed over trade language, while U.S. Treasury chief Bessent warned of looming global imbalances. Corporate shakeups hit too: VW could be ousted from the Euro Stoxx 50, replaced by Nokia’s rising stock, as VW struggles amid Chinese competition and internal turmoil. Even Canada’s PM is criticizing U.S. trade war tactics as unproductive. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/cba096c6dad75c62