Bond Selloff Resumes as Oil Rises After Trump Spurns Iran Offer

Treasuries experienced a renewed selloff on Monday as oil prices rallied. This market shift followed President Donald Trump rejecting Iran's proposal to reopen the Strait of Hormuz, which heightened global inflation concerns. Simultaneously, TotalEnergies SE announced an increase in share buybacks for the upcoming two quarters, leveraging the profit boost from rising oil and gas prices. These developments highlight the direct impact of Middle East tensions on global energy markets and financial instruments.