Global bond selloff deepens as oil climbs back toward $105, stoking stagflation fears

Oil prices rebounded toward $105 per barrel after days of volatility, renewing concerns about stagflation as central banks contemplate rate hikes. The rebound in crude comes despite tentative signals from Iran about opening the Strait of Hormuz, highlighting persistent geopolitical supply risks.

The combination of firmer oil prices and higher bond yields is pressuring equities, with the S&P 500 declining as investors reassess portfolio positioning. Bank of America warned oil could breach $150 if Middle East tensions escalate further, amplifying inflation risks for developed economies.

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