Stocks Soar Amid War Tensions, Bonds Worry

0:00Tensions in the Strait of Hormuz keep flipping like a bad mixtape. Iran opened it Friday for commercial ships, oil prices tanked, and US stocks hit another record high. But Saturday, after Trump said the US blockade stays, Iran fired on two India flag vessels turning them back. Sunday, the US hit and grabbed an Iranian ship. Trump's been tweeting victories one minute, then threats the next, like knocking out Iran's power plants and bridges. Iran says no more ceasefire talks to the blockade lifts, and they've warned of hitting neighbors grids in retaliation. The back and forth has markets on edge, but not Wall Street. US stocks keep climbing as if the war is just background noise, even with the international energy agency calling this the biggest energy threat ever. Bonds tell a different story. Yields of 30 basis points are more on key, two year and 10 year notes since it started. Global fears of higher oil and food prices linger. They're seen tuned into first quarter profits, beating estimates and AI tech exploding faster

1:03than expected. Fed Governor Christopher Waller warned Friday of stackflation risks, high inflation with weed jobs, blocking recuts. Yet stocks shrug it off, betting maybe Trump folds or the Fed says the day again. Meanwhile, bond markets in the world outside see inflation spiking from the war in tariffs, growth slowing, if stocks's bubble burst into reality, those aftershocks could shake everything. Wars end still feels distant, straight uncertain. Local news powered by AI. This is Sydney News Today. I'm Corey with the story.