Finance

Crude oil prices fluctuated as market participants monitored a fragile ceasefire between Iran and Israel following direct military exchanges. While prices initially surged due to fears of broader regional instability, they later pared gains as diplomatic efforts by the U.S. administration aimed to stabilize the situation and prevent further escalation.

A robust May nonfarm payrolls report has led investors to recalibrate their expectations for Federal Reserve policy, with many now pricing in the possibility of a rate hike by year-end. This shift in sentiment was reflected in the bond market, where the 10-year Treasury yield rose to 4.55% as labor market resilience complicates the path toward monetary easing.

The cryptocurrency market stabilized on Monday with Bitcoin rising back toward the $63,500 level after a volatile weekend where it dipped below $60,000 for the first time since 2024. Despite this daily bounce, the asset class remains under pressure from heavy spot ETF outflows and broader liquidations triggered by shifting macroeconomic conditions.