Fresh U.S. strikes on Iran and renewed threats to shipping in or near the Strait of Hormuz drove Brent crude to around $78.65-$79.28, briefly above $80, reviving fears of oil-supply disruption and pushing global bond yields higher. Markets priced in stronger inflation risk and a greater chance of Federal Reserve tightening, while the dollar stayed near multi-decade highs against the yen and Bitcoin fell as investors reduced exposure to risk assets. At the same time, Asian equities rose, led by semiconductor shares, with Japan’s Nikkei up 2.3% and South Korea’s KOSPI up 3.8%, as investors also weighed President Trump’s later comment that he did not expect a return to a full-fledged war.