02/09/2026
Oil has surged past $90 a barrel after two tankers were struck in the Strait of Hormuz, reigniting US-Iran tensions.
Global bond yields have climbed to their highest since 2008.
Markets are now pricing in a stronger chance of a Fed rate rise this month, and gold is falling rather than rising on the news, a sign that rate expectations are currently outweighing safe haven demand.
https://go.thinkmarkets.com/461h0xs