Nasdaq Falls as US-Iran Tensions Drive Up Oil Prices and Treasury Yields

U.S. stocks, including the Nasdaq, experienced declines on Monday as oil prices surged amid renewed tensions between the U.S. and Iran. President Donald Trump indicated that U.S. negotiators are expected to engage in further talks with Iran this week, following the rejection of an Iranian proposal to reopen the Strait of Hormuz. The geopolitical developments contributed to a rise in oil prices, with Brent crude up 1.8% to $99.10/bbl. This also pressured silver futures, which fell 4.78% to $61.71 an ounce, influenced by higher Treasury yields and inflation concerns. The benchmark 10-year U.S. Treasury yield surged past 5.2%, reaching its highest level since July 2007, while the 30-year Treasury yield climbed to 5.526%, nearing multi-decade record highs.