The jump in oil prices following Israel's strikes on Iran could exacerbate stagflationary conditions if they persist, according to Apollo Global Management.

An hour with a big fixed income manager is a discussion of the big issues. Expect volatility, he says – a bit of a tired line, although not an untrue one.

Although the U.S. is a net oil exporter, higher oil prices could increase inflation and lower economic growth.

One of the big lessons from Russia’s invasion of Ukraine in 2022 was how a war hundreds of miles away can have an impact on daily life in the UK. As the price of a barrel of oil shot up, so did our energy bills,

That sent the yield on the 10-year Treasury up to 4.43% from 4.36% late Thursday. Higher yields can tug down on prices for stocks and other investments, while making it more expensive for U.S. companies and households to borrow money.

Israel’s attacks on Iran’s nuclear facilities risk pushing back the timeline for Federal Reserve interest-rate cuts as the US central bank waits to assess any potential impact on inflation, economists said.

That sent the yield on the 10-year Treasury up to 4.41% from 4.36% late Thursday. Higher yields can tug down on prices for stocks and other investments, while making it more expensive for U.S. companies and households to borrow money.