Stocks and bonds drop on oil’s surge, dollar gainsIranian missiles fly towards Israel, amid the US-Israeli conflict with Iran, as seen from Hebron, in the Israeli-occupied West Bank, on Monday. The dollar, which has emerged as the haven of choice during this conflict, rose against almost all its major peers. Treasuries slid on concern rising oil prices will add to inflation, after they had gained on Friday following Friday’ weak payrolls report. Spiking oil prices may precipitate a stock market correction rather than a bear market, but the latter is possible, said Ed Yardeni, president of Yardeni Research. “The worst is yet to come in the stock market reaction,” said Michael O’Rourke, chief market strategist at JonesTrading.

Source: Bangkok Post March 09, 2026 03:51 UTC