WTI Spikes on Hormuz Tensions as Yields Hit Gold and Equities

September trading opened on turbulent footing as an escalation in US-Iran military clashes near the Strait of Hormuz sparked immediate fears of crude supply disruptions [1][2][3]. Oil prices surged across the board, with Brent eclipsing $92 and WTI approaching $88 per barrel [4][5]. This sharp energy rally reignited inflation concerns, propelling 10-year US Treasury yields up to 4.75% [6] and exerting broad pressure on global equity index futures [1][7]. Central bank expectations are adding further friction. Markets are actively repricing higher odds of a Federal Reserve rate hike in September following hawkish signaling from Kevin Warsh at Jackson…