Oil tops $100 and drags everything down with itBrent crude punched through $101 and WTI hit $92.61 after Houthi attacks on Saudi tankers widened the Iran conflict into Red Sea shipping lanes, sending the Nasdaq down 2.2% and the S&P 500 down 1.3% as traders priced the oil shock straight into inflation expectations.Crypto slipped with the rest of the risk stack, with total market cap down about 2% to $2.21T, bitcoin:native near $64,700, and the Fear & Greed index at 37. Rate markets now see an 82% chance of ...

CMC Asset Watch: Crude Reconnected With RatesWTI rose +11.8% and Brent +14.1% on reported disruption around the Strait of Hormuz. Gold, silver and copper joined the bid, pulling the 10Y back to 4.66%, near the top of its 2026 range. ...