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Oil Holds Gains as Iran Stokes Inflation Worries: Markets Wrap

Oil Holds Gains as Iran Stokes Inflation Worries: Markets Wrap
Bloomberg Markets Monday 13 July 2026, 22:05 UTC By Rob Verdonck 1 min read
Key Points

Oil Holds Gains as Iran Stokes Inflation Worries: Markets Wrap Oil held gains and Asian stocks were set to track Wall Street lower after the standoff between the US and Iran intensified, raising concerns that disruptions to energy supplies could accelerate inflation. West Texas Intermediate crude was little changed in early trading after soaring 9.4% on Monday — its biggest one-day gain in more than three months. Equity futures indicated further declines in Asia benchmarks, after a regional...

Oil Holds Gains as Iran Stokes Inflation Worries: Markets Wrap Oil held gains and Asian stocks were set to track Wall Street lower after the standoff between the US and Iran intensified, raising concerns that disruptions to energy supplies could accelerate inflation. West Texas Intermediate crude was little changed in early trading after soaring 9.4% on Monday — its biggest one-day gain in more than three months. Equity futures indicated further declines in Asia benchmarks, after a regional gauge fell the most in more than two weeks. S&P 500 contracts were steady after the US index slipped 0.8%.
Iran (LOCATION) Asian (ORG) US (LOCATION) Asia (LOCATION)
Originally published by Bloomberg Markets Read original →

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