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Oil Rallies After U.S.-Iran Deadline Expires, Yields Rise

8/17/2026

23 5 Full Breakdown

Summary

Story summary

Treasury yields rose, with the 30-year at 5.311%, 2-year at 4.182% and 10-year at 4.724%.
West Texas Intermediate settled at $84.50 and Brent at $90.87 after the 60-day U.S.–Iran deadline expired.
An Iranian official told Reuters Tehran would adopt an offensive stance if diplomacy fails, rejecting the deadline extension.
The Federal Open Market Committee voted 9-3 on July 29 to keep rates at 3.5%-3.75% while members urged a 25-bp hike.

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Story summary

Treasury yields rose, with the 30-year at 5.311%, 2-year at 4.182% and 10-year at 4.724%.
West Texas Intermediate settled at $84.50 and Brent at $90.87 after the 60-day U.S.–Iran deadline expired.
An Iranian official told Reuters Tehran would adopt an offensive stance if diplomacy fails, rejecting the deadline extension.
The Federal Open Market Committee voted 9-3 on July 29 to keep rates at 3.5%-3.75% while members urged a 25-bp hike.