U.S. Treasuries experienced volatility after Iranian Parliament Speaker Mohammad-Bagher Ghaliba announced that three clauses of the ceasefire deal with the U.S. had been violated. This news led to a reversal of earlier gains in U.S. government debt, which had rallied following the announcement of a two-week truce aimed at easing tensions after weeks of conflict. Oil prices fell by over 10%, reflecting the market's reaction to the ceasefire developments. Despite the initial optimism surrounding the truce, uncertainty remains high as ongoing fighting in the Middle East, including Israeli strikes in Lebanon, threatens to derail peace efforts. Traders had previously increased their bets on a potential Federal Reserve interest rate cut, but these expectations were tempered by the latest developments. Analysts caution that while falling energy prices may alleviate inflationary pressures, the situation is still precarious, and markets are likely to remain sensitive to further headlines. The next critical assessment for investors will involve evaluating the damage to energy infrastructure and its implications for future energy prices.