Treasury Yields Rise as Crude Jumps 5% on Fading Hormuz Deal Hopes

Treasury yields rose the week of August 10, 2026, as crude futures climbed 5% after Iran's demands dimmed prospects for reopening the Strait of Hormuz. Treasury Secretary Bessent had signaled a deal was imminent on August 5, briefly pushing oil lower. Iran said its Oman-brokered agreement was in "final stages" but insisted the U.S. must separately act to open the waterway.