Stocks tumbled and the dollar rallied as military strikes intensified across the Middle East, sending oil to its biggest surge in four years and stoking concern that faster inflation could weigh on the global economy.<\/p>\n
S&P 500 futures slid 1%, with benchmarks in Asia and Europe notching even bigger declines. Brent crude<\/a> jumped around 8% above $79 a barrel as the war effectively shut the Strait of Hormuz \u2014 a vital artery off Iran\u2019s coast that carries about a fifth of the world\u2019s oil. In Europe, liquefied natural gas surged 52% after Qatar halted output<\/a> at the world\u2019s biggest export plant.<\/p>\n","protected":false},"excerpt":{"rendered":"Stocks tumbled and the dollar rallied as military strikes intensified across the Middle East, sending oil to its…\n","protected":false},"author":2,"featured_media":499358,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27],"tags":[11527,28,1076,11520,2402,801,112,129,4379,111,923,107,1139],"class_list":{"0":"post-499357","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-bbg-us-dollar-spot","9":"tag-business","10":"tag-europe","11":"tag-generic-1st-cl-future","12":"tag-inflation","13":"tag-iran","14":"tag-markets","15":"tag-middle-east","16":"tag-military","17":"tag-politics","18":"tag-stocks","19":"tag-us-dollar-spot","20":"tag-war"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/499357","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=499357"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/499357\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/499358"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=499357"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=499357"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=499357"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}