US Stock Market: Rising oil prices and bond yields threaten Wall Street rally as Middle East tensions unsettle investors

Brent crude briefly climbed above 100 dollars a barrel after renewed attacks disrupted shipping in the Strait of Hormuz and Red Sea, stoking supply fears and inflation concerns. The benchmark 10-year US Treasury yield rose to around 4.7 percent, the highest since early 2025, as futures markets raised the probability of another Federal Reserve rate hike this year. Investors are weighing geopolitical tensions, higher yields and upcoming quarterly earnings of major US technology companies, with strategists warning that a sustained escalation could pressure equity valuations further.