Stocks Retreat Amid Inflation Fears and Weak US Jobs

WTI crude (CLJ26) is up more than +9% today to a 2.25-year high, adding to this week’s surge, as the war rages on in the Middle East for a seventh day. Iran fired a barrage of missiles and drones targeting a number of Gulf countries overnight, while the US and Israel maintained airstrikes on Iran. Key energy facilities in the Middle East have been struck by Iranian drones or forced to shut as storage tanks have filled up, as the closure of the Strait of Hormuz has halted energy exports.Fed Governor Christop ...