Finance

Global oil benchmarks dropped dramatically, with Brent crude sliding roughly 5% to hover near $83 a barrel. The selloff was triggered by President Trump's announcement that planned military actions against Iran would be suspended in favor of diplomatic negotiations to reopen the Strait of Hormuz.

United States government bond yields experienced a broad decline across the curve, tracking the sharp drop in energy costs. The benchmark 10-year Treasury yield slid roughly six basis points to 4.68%, easing back from its highest levels since January as inflation anxieties temporarily subsided.

Despite the broader recovery in traditional asset classes, major digital currencies failed to rally, with Bitcoin slipping below the $63,000 threshold. Market sentiment in the crypto space was dampened by an exploit targeting Coldcard hardware wallets, which reportedly drained nearly $89 million across thousands of addresses.