U.S. Treasury yields fall as oil tumbles after Trump warns Iran over Hormuz flows

In this article USO CVX Follow your favorite stocks CREATE FREE ACCOUNT Traders work on the floor of the New York Stock Exchange during afternoon trading on Feb. 20, 2026 in New York City. Michael M. Santiago | Getty Images U.S. Treasury yields fell Tuesday as oil prices tumbled after U.S. President Donald Trump warned that Iran would be hit "TWENTY TIMES HARDER" if it attempted to halt shipments through the Strait of Hormuz. The 10-year Treasury yield fell almost 2 basis points to 4.117%. The 30-year Treasury bond fell a little less than one basis point to yield 4.734%. The 2-year Treasury note yield declined nearly 3 basis points to 3.563%. One basis point is equal to 0.01%, and yields and prices move in opposite directions. "If Iran does anything that stops the flow of Oil within the Strait of Hormuz, they will be hit by the United States of America TWENTY TIMES HARDER than they have been hit thus far," U.S. President Donald Trump said in a post on Truth Social Monday stateside. Trump had early signaled that the conflict with Iran could end soon , sending oil prices plunging 10% before paring losses. Energy ministers from G7 are scheduled to meet virtually later Tuesday to discuss a possible release of emergency oil reserves to address supply disruptions triggered by the Iran war, sources told CNBC. The talks come after the countries' finance ministers met Monday to consider tapping strategic reserves, though no decision was reached. Discussions among member states have been "positive," the sources said, adding that any coordinated release would likely follow the energy ministers' meeting. In a statement issued late Monday, International Energy Agency Executive Director Fatih Birol said he participated in the G7 finance ministers' meeting at the invitation of France to discuss the global economic outlook and the intensifying Middle East conflict. "We discussed all the available options, including making IEA emergency oil stocks available to the market," Birol sai...