Commerzbank Says Escalating US-Iran Conflict Boosts Brent Oil, Pressures Global Markets
() -- Brent oil climbs more than 4% to above $79 a barrel amid escalating clashes between the U.S. and Iran in the Middle East, according to a note from Commerzbank. Treasuries and U.S. equities futures weaken. The U.S. said the Strait of Hormuz remains open to all shipping and that its military stands ready to ensure