Iran war is fueling a bond selloff ahead of Fed Chair Jerome Powell’s final press conference

iran's conflict is pushing bond yields higher as investors worry about an oil shock and sticky inflation. this comes just before jerome powell's final press conference as fed chair — his last chance to steer market expectations. the bond selloff reflects two fears at once: higher energy costs from the war and the fed's limited room to cut rates if prices stay elevated. powell will likely face questions about how the central bank weighs geopolitical risk against its inflation mandate.