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War risk and debt concerns lift oil, weigh on stocks and bonds
Oil prices rose as U.S. and Iranian forces traded attacks, while investors also turned nervous about inflation and debt.
The New York Times Business reports that renewed fighting between U.S. and Iranian forces helped push oil prices higher, while weighing on stocks.
The report also said the escalation increased worry among bond investors, tied to concerns about inflation and government debt.
As attacks continued, the combination of higher energy prices and macro concerns kept markets under pressure across stocks and fixed income.
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