Fallout from the intensifying war in the Middle East has once again put market volatility in the spotlight.
Oil prices have surged, sending the cost of gasoline higher and increasing the prospect of a global energy-induced economic slowdown. Since US and Israeli strikes on Iran began in late February, the S&P 500 Index has fallen about 2.3% through to 18 March. Meanwhile, the yield on the 10-year US Treasury, a cornerstone of the global financial system, has risen to 4.20% from 3.94% before the war, though it remains below where it began the year.
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