Global oil markets surged as the IEA confirmed the most significant supply disruption in history, pushing Brent crude toward $100 per barrel. The development intensified inflation concerns and reinforced expectations of further Federal Reserve rate hikes, lifting Treasury yields.
- Brent crude oil trading near $100 per barrel
- IEA confirms largest supply disruption in global oil market history
- Increased inflation concerns driving Fed rate hike expectations
- Higher Treasury yields linked to rising risk aversion
- VIX index reflecting elevated market volatility
- Energy, fixed income, and macroeconomic markets impacted
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