Trump postpones Iran strike as energy crisis deepens globally. Oil prices fell initially on the announcement, but broader supply concerns persist as the Strait of Hormuz remains disrupted. European oil shortages could emerge within weeks with critically low inventories, while analysts warn global stockpiles may not recover until 2027. Airlines face severe pressure, with Ryanair's CFO warning of potential jet fuel supply collapse that could force weaker European carriers out of business. Global bond markets sold off sharply, pushing the 10-year U.S. Treasury yield to its highest level in a year and Japan's 30-year yield to record highs. U.S. stock benchmarks declined amid the turmoil, with tech stocks leading losses. The convergence of geopolitical tension, energy disruption, and inflation concerns is creating significant headwinds for markets and supply chains worldwide.
