Oil price surge lifts inflation expectations, sending equities and bonds lower
US PPI YoY rose to 5.4% (forecast 5.3%, prior 4.7%, revision 4.8%) at 8:30 ET. Iran ordered a temporary suspension of a 10% freight charge on foreign vessels carrying energy products to or from Iran at 06:56 ET, after oil prices surged.
This is a real-time flash headline. A verified provider body is not available, so SquawkNews does not present it as a full article.