Brent crude oil dropped to $93 a barrel after US president’s announcement and Iran’s pledge to reopen strait of Hormuz under its management

The price of oil seesawed in trading in response to U.S. President Donald Trump's imminent threat to obliterate Iranian power plants and bridges.

Treasury yields held mostly steady with just hours to go before Trump’s latest deadline to bomb Iranian power plants if it doesn’t open the Strait of Hormuz.