Global markets turn risk-off as Brent crude briefly tops $98

  • Global financial markets showed risk-off signals in early Asian trading.
  • Brent crude briefly rose above $98 per barrel at the open.
  • U.S.-Iran tensions and heavy Treasury selling pressured markets on Sept. 28.

Global financial markets showed risk-off signals in early Asian trading on Monday, Sept. 28, as escalating U.S.-Iran tensions coincided with heavy selling pressure in U.S. Treasuries. International oil prices opened sharply higher, with Brent crude briefly breaking above $98 per barrel.

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