Iran war threat pushes up oil prices, US Treasury yields reach yearly highs

The escalation of the Iran war threat has pushed oil prices higher, with U.S. Treasury yields rising to their highest levels of the year. The two-year Treasury yield rose by about 4 basis points to approximately 4.34%, the ten-year Treasury yield reached a new annual high, and the thirty-year Treasury yield increased to 5.19%. Houthi forces attacked commercial ships, and Brent crude prices rebounded to $100 per barrel. The U.S. Treasury market is under pressure, and traders expect the Federal Reserve under the leadership of Chair Kevin Walsh to raise interest rates soon.