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President Donald Trump had threatened to destroy Iran's entire civilization if his 8 p.m. ET deadline to reopen the Strait of Hormuz is not met.
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Oil prices were little changed after President Donald Trump threatened to destroy Iran's civilization if his 8 p.m. ET deadline is not met.
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Treasury yields declined on Tuesday as the rally in oil prices lost momentum.
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U.S. forces launched more than 90 "restrikes" on Kharg Island, Iran's oil export hub, early on Tuesday but have avoided hitting oil infrastructure.
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Oil prices jumped and stocks tumbled Tuesday after the U.S. launched fresh strikes on Iran's Kharg Island and Trump's deadline for Hormuz to reopen approached.
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President Donald Trump warned Sunday in an expletive-filled social media post that Iran would be "living in Hell" if they do not open the Strait by Tuesday.
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