Oil Prices Tumble, Treasury Yields Fall on Hopes of US-Iran De-escalation

Oil prices fell more than 6% and U.S. Treasury yields slipped as investors welcomed signs that tensions between the United States and Iran might be easing. President Trump said late Saturday that he had halted a U.S. assault on Iran and raised the possibility of talks, a reversal after a rally last month fueled by renewed conflict and tanker attacks. Brent crude futures dropped sharply in response. The yield on the 10-year U.S. Treasury note, a key benchmark for government borrowing, declined over 1 basis point to 4.688%. Uncertainty still hangs over the situation, and security risks along vital shipping lanes remain, but the immediate market reaction reflects hope for de-escalation.