US sinks Iranian tankers; Brent tops $100 and stocks slide
Brent crude broke back above $100 a barrel after US forces sank four Iranian tankers in the Gulf of Oman, dragging Wall Street and European equities lower into Wednesday's close.
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Twice-daily market news and Bombatag research updates.
Crypto ticks higher overnight as Wall Street nurses a 627-point Dow drop
Crypto majors drifted modestly higher overnight, a mild decoupling from equities after Tuesday's 627-point Dow slide on the Saudi oil-facility attacks. The week's real test — Thursday's PPI and Friday's CPI — sets the tone into next week's coin-flip FOMC.
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Houthi strikes on Saudi oil facilities push Brent near $100
A wave of Houthi drone and missile strikes on Saudi Arabia's southern oil region wounded 73 people and knocked out energy facilities, sending Brent toward $100 a barrel and pulling equities lower into Tuesday's close.
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Canada's $20bn tariffs bite as Wall Street returns from Labor Day
US markets reopened from the Labor Day break under fresh trade and geopolitical pressure: Canada's $20bn counter-tariffs on US goods took effect, oil stayed elevated after last week's Iran-US tanker strikes, and crypto traded a tight range ahead of Friday's CPI.
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Hot jobs print pushes hike odds to 60%; bitcoin gives back 1.8%
A much-stronger-than-expected August jobs report knocked stocks and crypto lower Friday, as traders raised the odds of a September Fed rate hike to roughly 60%.
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Stocks rally on Waller's dovish turn as bitcoin retakes $81k
Wall Street snapped a three-day losing streak as Fed Governor Waller struck a dovish note, easing Treasury yields even as Chair Kevin Warsh's hawkish Jackson Hole tone keeps September rate-hike odds near 60%. Bitcoin and ether both rallied more than 4% on the day.
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Iran strikes send oil to a 20-month high; Wall Street shrugs it off
Iran's overnight missile and drone strikes on US allies pushed oil to a 20-month high and Treasury yields to their highest since January 2025 — yet Wall Street closed higher, led by a blowout Snowflake quarter.
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Bond yields hit 2.5-year high as Iran war reignites Fed hike bets
A reignited Israel-Iran conflict and a hawkish repricing of the Fed's next move — traders now put ~66% odds on a hike, not a cut — sent Treasury yields to a 2.5-year high and pulled bitcoin and ether lower even as Wall Street closed higher.
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Iran strikes send oil, yields surging; Dow still adds 294 points
Fresh US strikes on Iranian targets and Iranian retaliation against Gulf neighbors and US bases pushed oil and bond yields to multi-year highs, even as US equities closed higher and crypto sold off.
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Hormuz strikes hit stocks; Fed hike odds jump to 60%
Overnight strikes between the US and Iran around the Strait of Hormuz sent US and European equities lower, while a hawkish Fed pivot pushed September rate-hike odds to about 60%.
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