GLOBAL MARKETS WEAKENED AS RENEWED UNCERTAINTY OVER THE STRAIT OF HORMUZ PUSHED OIL PRICES SHARPLY HIGHER, REVIVING CONCERNS THAT INFLATION COULD REMAIN ELEVATED AND FORCE THE FED TO KEEP POLICY TIGHTER FOR LONGER, WITH BRENT CRUDE CLIMBING ABOVE $82 A BARREL, THE S&P 500 DECLINING FOR A SECOND STRAIGHT SESSION AND TREASURY YIELDS RISING AHEAD OF THE U.S. JULY JOBS REPORT.

GLOBAL MARKETS WEAKENED AS RENEWED UNCERTAINTY OVER THE STRAIT OF HORMUZ PUSHED OIL PRICES SHARPLY HIGHER, REVIVING CONCERNS THAT INFLATION COULD REMAIN ELEVATED AND FORCE THE FED TO KEEP POLICY TIGHTER FOR LONGER, WITH BRENT CRUDE CLIMBING ABOVE $82 A BARREL, THE S&P 500 DECLINING FOR A SECOND STRAIGHT SESSION AND TREASURY YIELDS RISING AHEAD OF THE U.S. JULY JOBS REPORT.

Source:https://x.com/FirstSquawk/status/2085464178433863960