Investors get inflation ‘wake-up call’ as Trump fires up oil prices

Global investors had a stark reminder of how quickly the oil market can reignite ⁠concern ⁠about inflation and volatility, after U.S. President Donald Trump said ⁠on Wednesday that an interim agreement with Iran to end the war “is over”. Inflation-sensitive assets such as bonds and gold tumbled in the face ​of a 5% surge in oil. “It’s a big wake-up call for markets,” said Aneeka Gupta, director of macroeconomic research at Wisdomtree. The expectation had been “that we were likely to start to…

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