World stocks declined after fresh U.S. airstrikes on Iranian military targets near the Strait of Hormuz heightened concerns about energy-supply disruptions, pushing Brent crude futures up 0.1% to $94.87 a barrel and extending a global bond selloff. Tehran said it had targeted U.S. assets across the region, marking the most significant exchange of fire in weeks. The U.S. 10-year Treasury yield reached 4.8122%, its highest level in almost three years, while the 10-year Japanese government bond yield stayed above 3% for a second consecutive session after reaching a three-decade high earlier in the week. The U.S. dollar index rose 0.05% to 99.734, near its highest since August 17, while MSCI’s global stock gauge fell 0.2%. South Korea’s KOSPI dropped almost 4%, the Nikkei 225 fell 2.9% and the pan-European STOXX 600 declined 0.3%. Markets are also focused on U.S. economic data before the Federal Reserve’s September 16 meeting, including ADP private payrolls on Wednesday and nonfarm payrolls on Friday. Fed funds futures indicated a 68% chance of a 25-basis-point rate increase this month, up from 37% a week earlier. The New Zealand dollar fell 1.2% to $0.58220 after the Reserve Bank of New Zealand raised rates by 25 basis points to 2.75%, while gold, bitcoin and ether also declined.