⛽ Oil tensions spike amid US-Iran talks
Global energy markets are currently very unsettled due to rising oil flows from the Persian Gulf. US and Iran are exploring a phased deal in New York to reopen the Strait of Hormuz and lift the US blockade. Brent crude futures rose despite the pipeline restart, fueling fears over high gasoline and diesel prices worldwide. An Iranian advisor warned that US or Israeli attacks could expand the conflict to the Indian Ocean. This delicate situation is influencing global bond yields as markets react to Fed policy uncertainty.