Finance

Global energy markets experienced a reprieve as Brent crude futures stabilized near $103 to $104 per barrel. The downward pressure followed comments from President Donald Trump indicating that the United States would not execute military strikes against Iran prior to the November midterm elections, relieving immediate supply disruption concerns.

The benchmark 10-year U.S. Treasury yield remained elevated near 5.25%, maintaining its position close to a 24-year high reached earlier in the week. Yields continue to face upward pressure following recent Federal Open Market Committee minutes, which suggested that central bank officials lean toward another interest rate hike before the conclusion of the year.

Shares of Delta Air Lines faced downward pressure after the carrier reported its third-quarter financial results. Despite delivering record-breaking revenues, the airline missed consensus profit estimates for the first time in two years and downwardly revised its full-year earnings forecast due to sustained increases in fuel expenditures.