India's 10-year government bond yield increased to its highest level in five weeks, influenced by rising oil prices and geopolitical uncertainties. The situation intensified after former US President Donald Trump indicated that a ceasefire with Iran was unlikely, describing it as "on life support." Additionally, a senior officer from Iran's Islamic Revolutionary Guard Corps Navy stated that Tehran has expanded its operational definition of the Strait of Hormuz, a critical oil transit route, to a much larger area than before the conflict. These developments have heightened concerns about oil supply stability, affecting investor sentiment in India's bond market. Hopes for a deal dimmed after Donald Trump said ‌a ceasefire with ⁠Iran was "on ⁠life support".