Mining activity in the Strait of Hormuz and threats against shipping routes boosted WTI crude oil prices by over 3% in a single session, rekindling concerns that disruption could push prices toward 2008 record highs near $150 per barrel if flows remain constrained. Global bond yields spiked as investors priced in higher inflation risks, with the German 10-year bund yield climbing to 2.99%—a 2.25-year high—and the US 10-year Treasury yield rising to 4.29%, reflecting growing fears over sustained energy-driven price pressures. US equities retreated sharply, sending the S&P 500 and Dow Jones Industrials to their lowest closing levels in 3.5 months; March E-mini S&P futures fell 0.60% and Nasdaq futures tumbled 0.66% as risk appetite weakened on the back of soaring commodity and bond yields. Higher crude prices and rising borrowing costs could pressure margins for companies with significant energy or logistics expenses, while weaker market sentiment may weigh on capital access and valuation multiples for industrial firms like B.