U.S.-Iran Strikes Push Oil Above $100 as Hormuz Tensions Mount

U.S.-Iran strikes have escalated Middle East conflict fears, pushing regional oil benchmarks above $100 amid renewed Hormuz supply risk. Concurrently, global bond yields hit their highest since 2008 as new Fed chair Kevin Walsh vows to tame 3.4% inflation, creating a feedback loop where higher oil prices fuel inflation expectations and dampen future demand. The key uncertainty is whether the strikes trigger a sustained supply disruption or de-escalate, and how the Fed's tightening path responds to the oil spike.