ASX Braces for Oil-Spiked Slide as Iran War Escalates and Bond Yields Surge

9,002 — That's where ASX 200 futures sat at 6:15am AEST, down 22 points (0.2%) after Wall Street's Monday wobble, but the real story isn't the modest red ink. It's the cocktail of horrors brewing beneath: oil above $US90, US bond yields piercing 4.75%, and strategists screaming that the market is flying on fumes.

Money Moves

• Oil hits $US90.49/barrel — Brent crude surged 2.7% after US forces struck Iranian rocket launchers on the Strait of...