Oil Surge Drives Market Dip | Anchorage News

Stocks took a hit as oil surges push prices above $100 a barrel, fueling inflation fears and forcing retailers to raise prices. With the Strait of Hormuz tensions looming and Trump hinting prices may stay high until November, markets are betting the Fed will hike rates next week—despite political pressure—sparking bond gains and testing corporate resilience, while airlines like JetBlue see strong demand.

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