US-Iran Tensions Push Oil Up, Stocks Down as Rate Hike Looms

US equity futures slipped and bond yields stayed elevated on Tuesday as renewed hostilities between Washington and Tehran drove oil prices higher, keeping the possibility of a September interest rate hike firmly on the table. The market moves come as investors weigh the risk of further supply disruptions in the Middle East against signals from the Federal Reserve that it may act again next month. In corporate news, Jaguar Land Rover’s chief operating officer, Nigel Blenkinsop, joined Bloomberg Brief to discuss the launch of the company’s first fully electric Range Rover—a key step in the automaker’s shift toward zero-emission vehicles. Meanwhile, Cayla Seder of State Street highlighted growing concerns in the Treasury market, where traders are increasingly betting on another rate increase. Oil’s climb, driven by the geopolitical friction, adds fresh pressure to global inflation, complicating the Fed’s decision-making ahead of its September meeting.