Oil prices surged past $90 per barrel following new US attacks on targets in Iran, driven by uncertainty regarding hydrocarbon transit through the Strait of Hormuz. ^[1] Global long-term government bond yields have surged to levels not seen in decades, raising concerns about financial market stability. ^[2] The US 10-year Treasury yield closed at 4.799% on the first day of the week, rising 4.80 basis points from the previous trading day. ^[3] Gold spot prices fell 1.8% to $4,369.24 per ounce, its lowest level since August 19, before moderating to trade around $4,371.5 per ounce. ^[4] The North Sea Brent benchmark rose 4.60% to close at $94.65 per barrel, recovering levels not seen since late July. ^[5] The West Texas Intermediate (WTI) benchmark rose 5.20% to close at $90.22 per barrel for October delivery. ^[6] The Japanese 10-year government bond yield rose to 2.996%, approaching the 3% mark for the first time since 1996. ^[7] The US 30-year Treasury yield reached 5.273%, marking the first time it has exceeded 5% since 2006. ^[8]