Updated

Oil and Treasury markets remained on edge amid the widening Middle East conflict, with fresh reports of Houthi strikes on Saudi Arabia and Iranian attacks on Gulf shipping pushing crude higher and the 10-year Treasury yield near 5%, its highest since 2007. Analysts increasingly describe the situation as a full-blown Strait of Hormuz standoff with material risk to global energy flows. The dollar strengthened further as equities sold off and crude oil extended its surge, with investors rotating into the greenback as a haven amid the deepening geopolitical crisis. The combination of a stronger dollar, falling stocks, and rising oil prices underscores how the Middle East tensions are now reverberating across multiple asset classes simultaneously.