Treasury yields, dollar rise as oil prices climb amid US-Iran tensions

US stock futures remain muted or slightly positive as traders await critical inflation data to guide Federal Reserve interest-rate policy. Meanwhile, oil prices have climbed toward $90 a barrel due to a hardening US-Iran stalemate and dwindling commercial shipping in the Strait of Hormuz. This geopolitical tension has simultaneously driven up Treasury yields and the dollar, signaling potential rate hikes that could impact borrowing costs and inflation expectations across global financial markets.