Keyword → Fed rate hike odds

Brent Crude Climbs 3.5% to $94.22 on 11th Night of US Iran Strikes — Rubio Says Tehran 'Not Serious' About Talks

Brent crude surged 3.5% to $94.22 a barrel and WTI jumped 3.8% to $87.56 after US Central Command completed an 11th consecutive night of strikes on Iranian military targets. Secretary of State Marco Rubio told ASEAN counterparts Iran is 'not serious' about talks, reviving stagflation fears and pushing Federal Reserve rate-hike odds for July back to 24.1%. Nasdaq-100 futures fell 0.9%, while energy and defense stocks gained pre-market.