Global financial markets were on edge as tensions between the United States and Iran escalated. This was reflected in the performance of bond and energy markets, with US Treasury yields rising. Oil prices also climbed amid fears of a wider crisis in the Middle East. The increased geopolitical risks have prompted investors to reassess their portfolios. This comes amid expectations that any military confrontation or unrest in the region could disrupt global oil supplies. Concerns are further heightened by the ongoing tensions in vital shipping lanes. [...]