US strikes in Iran push oil prices up over 3%, lifting Treasury yields and pressuring Bitcoin and crypto markets as inflation fears delay Fed rate cuts.

US Treasury yields fell sharply after Trump signaled progress in Iran negotiations. The 10-year yield dropped 10 bps to 4.57%, with Bitcoin also rallying.

Gold prices fell on Tuesday after renewed US military strikes in Iran pushed oil prices higher, raising concerns that inflation could remain elevated and keep interest rates…