Rising oil prices, persistent inflation fears and shifting expectations for rate hikes are rattling the world’s largest bond market, sending Treasury yields higher and pushing up borrowing costs for consumers.

After nearly three decades out of service, this Soviet-era, nuclear-powered behemoth is set to plow the waves once again.

Oil prices surged after Houthi rebels struck two Saudi Arabian oil tankers in the Red Sea and Donald Trump threatened to “bomb and destroy” Iranian bridges and power plants. Brent crude, the international benchmark,