ChainThink reports that, as of July 23, according to market data, Brent crude oil futures rose to $100 per barrel, the first time since late May.
Amid rising oil prices due to threats of escalated conflict in Iran, U.S. Treasury yields rose to their highest level this year, as markets anticipate the Federal Reserve could raise rates as soon as next week.
The two-year U.S. Treasury yield, which is highly sensitive to Federal Reserve policy expectations, rose about 4 basis points on Thursday to approximately 4.34%, reaching its highest level since early 2025; the ten-year U.S. Treasury yield hit a year-to-date high of 4.712%.
The 30-year yield rose to 5.19%, slightly below the highest level since 2007. Additionally, the Houthi group claimed its first attack on commercial vessels in months, pushing Brent crude prices closer to $100 per barrel and continuing to exert pressure on the U.S. Treasury market.