Finance

Crude oil prices surged by nearly 3% on Thursday, with Brent crude climbing toward $96 per barrel after the US military reported strikes on Iranian drone assets. These hostilities interrupted a brief period of declining energy prices that had previously been fueled by reports of a potential draft agreement to reopen critical commercial shipping lanes in the Strait of Hormuz.

US Treasury yields rose across all maturities on Thursday morning, with the 10-year note yield surpassing 4.5% in response to rising geopolitical risk and persistent inflation concerns. Investors are focused on the upcoming release of the Personal Consumption Expenditures index and the first-quarter GDP second estimate, both of which will provide critical evidence for the Federal Reserve's next interest rate decisions.

Bitcoin fell more than 4% over the last 24 hours, sliding toward the $73,000 level as macroeconomic uncertainty triggered liquidations across the digital asset space. While utility-focused tokens have shown occasional resilience, the broader market remains under pressure from a strengthening US dollar and weakening institutional demand for crypto-based exchange-traded funds.