Updated

The benchmark 10-year US Treasury yield climbed to 5.02 percent on Tuesday, its highest level since the 2007 global financial crisis, as oil prices surged amid heightened geopolitical tensions. Analysts pointed to instability in the Middle East and Gulf shipping lanes as a key driver of rising energy costs feeding into bond markets. The spike in yields signals growing investor concern over inflation and borrowing costs, with ripple effects expected across global markets. The move comes as tensions in the Strait of Hormuz and broader Gulf region continue to weigh on oil supply expectations.