US Government-Iran deal hopes push oil prices lower, bond yields rise

Iran: Iran is a Middle Eastern nation whose relations with the US and control over key maritime passages shape regional energy flows. The country features centrally in the news as the subject of deal hopes that traders see as potentially affecting the Strait of Hormuz. Sebastian: Sebastian is a Reuters sound engineer. He handled sound engineering for the Morning Bid podcast discussed in the news. Mike Dolan: Mike Dolan is a Reuters markets columnist and author of the Morning Bid newsletter and associated podcast. He is referenced in the news as the lead voice providing analysis on bond yields, mortgage rates, and geopolitical impacts on oil. Josh Sommer: Josh Sommer is a Reuters sound engineer. He provided sound engineering and music for the podcast episode referenced in the news. US Government: The US Government, led by President Donald Trump, oversees foreign policy, diplomacy, and international agreements including those involving Middle Eastern nations. It is directly relevant to the news through reports of a phased deal with Iran that could influence energy shipping routes and oil market dynamics. Abisoye Osundairo: Abisoye Osundairo is a Reuters content producer. She contributed to the production of the podcast featured in the news item. Eliza Davis Beard: Eliza Davis Beard is a Reuters podcast producer. She is credited in the news with helping produce the Morning Bid episode covering market and geopolitical developments. Geopolitics: Reports of a phased US-Iran deal are generating expectations that the Strait of Hormuz could see improved shipping access. Bond Markets: A global bond selloff has elevated US long-term government yields, increasing pressure on mortgage borrowing costs. Energy Markets: Oil traders are maintaining a cautious stance, anticipating that any market relief tied to Middle East developments would develop slowly.