Oil prices climbed 4% as strategists pondered possible Iranian responses, which could involve another attack on a major oil facility, like the assault on a Saudi oil processing plant last September.
“One of the things that can derail a bull market is a spike in oil prices that can cause a recession,” said Paul Hickey, co-founder of Bespoke Investment Group. “When you have higher oil prices, that’s going to impact a key cost for a lot of different businesses.”
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