Oil gained for a third session as US-Iran hostilities intensified, while Barr reinforced the case for further tightening if inflation persists.

US stock futures steadied after a third straight decline, with the Dow down 0.79%, S&P 500 0.71%, and Nasdaq 1.03% on Tuesday. Rising oil and bond yields drove the pressure, while ADP, the Fed’s Beige Book, and earnings from Broadcom, HP, and Snowflake are next.

The 10-year Treasury yield climbed above 4.8%, approaching its highest since October 2023, as rising oil prices lifted inflation concerns and September Fed hike odds to around 70%. Oil gained for a third session as US-Iran hostilities intensified, while Barr reinforced the case for further tightening if inflation persists.

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