Treasury Yields Climb as Oil Jumps 5% on Hormuz Deal Stalling

Treasury yields rose the week of August 10, 2026, after crude futures climbed 5% — 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 called its Oman-brokered agreement "final" but insisted the U.S. must separately open the waterway.