Middle East tensions escalated as the U.S. conducted an attack on Sunday, targeting missile launchers on an island in the Strait of Hormuz, marking the first such strike against Iran in about a month. Shortly thereafter, missiles were fired at Jordan. This geopolitical development pushed Brent crude futures above $90, while stocks fell and long-dated bond yields, including the 10-year U.S. Treasury yield, rose to near 20-month highs.