Countdown Extended: Markets Juggle Oil Plunge, Bond Moves and Credit Strain as Iran Standoff Shifts
A sudden extension of a 48-hour threat to strikes on Iranian power facilities into a five-day timeline, following reports of a diplomatic breakthrough, has left markets unsettled. Oil fell sharply on the initial announcement before retracing some losses, equities rallied then cooled, and U.S. Treasury yields briefly rose to seven-month highs. Confl…