Stagflation Trades Sweep Markets as Trump Signals Widening War

Traders’ hopes for a quick resolution to the conflict in the Middle East are fading.

As oil prices soared past $100 a barrel and the Trump administration’s end-game for Iran looked increasingly elusive, last week’s wait-and-see stance in financial markets is giving way to something more ominous: Fears that a deeper and longer-lasting supply shock will rekindle inflation and slam the brakes on the global economy.