US 30-Year Mortgage Rates at 8-Month Highs as Iran-Driven Oil Near $80 Fuels Stagflation Pricing

Rather than compressing yields via safe-haven demand, Middle East escalation is lifting inflation expectations across G7 debt markets, with Rapidan Energy warning a Hormuz closure through August could trigger a 2008-scale recession. GC=F and CL=F are both bid on supply-shock fears, while ^GSPC faces the bind of a Fed p