Iran Strikes Togo-Flagged Tanker in Hormuz, Warns of 'Destruction' for Unauthorized Vessels; 10Y Yield Climbs Back Toward 5% on October Hike Bets

Iran's Revolutionary Guard said it struck the Togo-flagged oil tanker Trend late Thursday for an 'illegal attempt' to transit the Strait of Hormuz without authorization; the AP could not independently verify the claim. It followed a separate incident the prior day in which another tanker exiting the strait was hit by an 'unknown projectile,' sparking a fire that was extinguished with the crew reported safe. The Guard's navy warned that vessels attempting passage without permission face 'destruction,' underscoring Tehran's continued de facto control over much of the waterway since the conflict began. Oil rebounded from Thursday's pullback, with Brent settling around $103.65. US equities were mixed: the S&P 500 edged up 0.11%, the Dow slipped 0.13%, and the Nasdaq gained 0.39%, while the 10-year Treasury yield rose about 5bp back toward 5% as traders raised bets on a further Fed hike at the October meeting following Warsh's hawkish tone.