US Treasury prices climb and oil drops from $118 to $72 as a pause in the US-Israel conflict with Iran eases inflation fears and lifts risk

(Bloomberg) -- Oil dropped, stocks and bonds rose as the US and Iran refrained from retaliatory strikes, easing concerns over potential disruptions to Middle East energy supplies…

Oil prices dropped after the US and Iran avoided fresh strikes. Brent fell below $93 as supply fears eased, though Middle East tensions continue to cloud the outlook.