Futures dip, 30Y yields top 5% on debt woes; Oil up as Iran tensions flare

US stock futures are edging lower as the 30-year Treasury yield rises above 5% amid ongoing US debt ceiling concerns. The elevated yields reflect increased borrowing costs and potential economic headwinds if the debt impasse persists. Uncertainty is weighing on market sentiment and boosting safe-haven demand for the US dollar. Meanwhile, oil prices have jumped nearly 2% as tensions between the US and Iran escalate, raising geopolitical risk premiums. The developments are likely to keep the greenback supported against riskier currencies like the AUD and NZD, while the JPY and CHF could also find haven bids. Traders await further debt negotiation progress.