Long-duration stocks have been under heavy pressure due to the U.S. 10-year Treasury yield rising to 4.33%, according to investor Gary Black, Managing Partner of The Future Fund LLC. Black warned that if Brent crude prices remain elevated and higher 10-yr Treasury yields persist, losses could continue. The Pentagon has reportedly requested over $200 billion in supplemental funding for the conflict, which Iran's Foreign Minister, Seyed Abbas Araghchi, called this sum "the tip of the iceberg". Despite the current downturn, Black believes that a shift in the geopolitical landscape could trigger a significant rebound.