BusinessBond Rout Deepens Despite Oil Tankers Returning to Strait of Hormuz
Oil tankers have resumed passage through the Strait of Hormuz, but crude prices rose 4.4% to $102.31 a barrel, and U.S. gas prices remain above $4.41 per gallon. The 10-year U.S. Treasury yield hit a 24-year high amid ongoing threats to oil supply, including fears of renewed conflict in Hormuz, Houthi rebel attacks on shipping lanes, and Ukrainian strikes on Russian refineries, all driving up fuel costs and borrowing rates.
HT World·




