Home » Oil and Treasuries Rally as Tanker Attack in Strait of Hormuz Lifts Crude

Oil and Treasuries Rally as Tanker Attack in Strait of Hormuz Lifts Crude

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New York, October 30, 2026 — Bonds and oil both rallied on Friday as a tanker attack in the Strait of Hormuz pushed crude prices higher and boosted demand for safe-haven assets.

Defensive trading sent the 10-year Treasury yield to nearly two-month lows, while energy, consumer staples and utilities gained as technology bore the brunt of the selling.

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