President Donald Trump Rules Out Extending Iran Ceasefire as Oil Prices and Treasury Yields Rise
President Donald Trump ruled out extending the 60-day agreement with Iran that established a fragile ceasefire, signaling a potential escalation in Middle East hostilities. The administration announced that the U.S. is in no rush to reach a final agreement, while President Donald Trump also threatened Oman with military action if it interferes with the U.S. position. These geopolitical tensions, combined with rising oil prices and persistent inflation concerns, have driven U.S. Treasury yields higher, with the 30-year bond yield reaching its highest level since 2007. Market reactions were mixed across the globe. U.S. stock futures fell as the Nasdaq-100 and S&P 500 saw declines, while the Energy sector saw gains due to oil prices climbing above $90. In Asia-Pacific markets, Japan's Nikkei 225 and South Korea's Kospi experienced significant shifts, while Australia's benchmark index remained flat. Investors are now monitoring import and export pricing figures for July and upcoming earnings from retail giant Home Depot.