Crude oil and diesel prices are surging in response to escalating tensions in the Iran conflict. Brent crude has reached approximately $94 per barrel, while gasoline and heating oil prices have also risen sharply. These increases have pushed up bond yields and inflation expectations, with the U.S. 10-year Treasury yield reaching around 4.79%. Market participants are now factoring in the potential for oil prices to hit new highs by year-end amid a possible tightening of global energy supply.
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