According to CoinMeta, on Monday, as tensions in the Iran conflict escalated, the price of Brent crude oil reached $91 per barrel. Iranian officials stated that they would shift to a “full-scale offensive” mode and continue to control the Strait of Hormuz. U.S. President Donald Trump took a tough stance towards Tehran, ruling out the possibility of extending the 60-day understanding memorandum, and threatened to bomb ally Oman if negotiations with Iran interfere with America’s war objectives. This situation could lead to an energy blockade in the Gulf region for weeks or even months, causing further tension in the oil market and government bonds under inflationary pressure. On Tuesday, the yield on 30-year U.S. Treasury bonds reached its highest level in 19 years, and long-term yields in Germany, France, and Japan also set new highs over multiple years.