Story perspectives
Trump Threatens Military Action on Iran, Oil Prices Surge
4/8/2026
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Story summary
- U.S. President Donald Trump threatened military action against Iran, warning of strikes on infrastructure if talks to reopen the Strait of Hormuz fail.
- The threat pushed U.S. Treasury yields higher, with the 2-year at 3.8622% and the 30-year at 4.9060%.
- Oil prices rose as Brent crude gained 1.4% to $111.27 per barrel.
- After a ceasefire announcement, yields fell, with the 2-year at 3.72%.
