Oil swings amid Iran tensions as US Treasury yields hit multiyear highs
A post citing Reuters says Brent settled at $105.28 on September 28 after an intraday surge, while 30-year US Treasury yields reached their highest level since 2004 before easing. A separate September 29 market wrap says Brent topped $108.
TLDR
A September 29 post citing Reuters says mediation news erased much of an earlier $4-plus oil surge on September 28, leaving Brent at $105.28 and US crude at $92.60. It says 30-year US Treasury yields reached their highest level since 2004 and 10-year yields their highest since 2007 before paring gains. A separate market wrap says Brent topped $108, linking the rise to what it describes as the US rejection of an Iranian peace framework and fears of disruption in the Strait of Hormuz.
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