Oil and Bonds Rally as Trump-Iran Reparations Row Complicates Hormuz Deal
Oil prices and US Treasuries rose as Trump demanded reparations from Iran for Americans killed or wounded and for damages in the region, while Iran pressed for sanctions relief and to keep the Strait of Hormuz closed until assets are released; markets priced in higher inflation and a possible Fed rate hike, with Brent about $89.8 and WTI around $84.2, and yields climbing across the curve (2-year > 4.25%, 10-year > 4.7%, 30-year > 5.27%). Despite US claims of Hormuz control, shipping data show traffic remains far below normal as talks stall and economic pressure mounts.
