Bond Market Turmoil Sparks as Oil Surges to $92 After Iran Peace Offer Is Rejected

Global bond markets dive while Brent crude hits around $92 after President Trump declines an Iranian peace deal, triggering a widespread selloff and rising yields (US 30-year near 5.28%, UK 30-year near 5.89%). Equities wobble as traders question the viability of traditional 60:40 stock/bond portfolios amid ongoing geopolitical risk and potential U.S./Iran actions.