Wall Street Ends Week Lower as Iran Risk and Bond Yields Weigh on Markets
📉 MARKETS — Rising weekly, falling weekly: the Iran discount is now structural. 📌 LOOK CLOSER: A daily gain masking a weekly loss signals markets are no longer reacting to individual headlines — they're pricing in a persistent Iran risk premium. With Brent near $94 and Hormuz at sub-10 transits, bond yields rising alongside equity weakness points to stagflation positioning. That combination limits Fed flexibility and narrows Washington's economic exit options.