Finance

Global crude oil prices rose sharply, with Brent crude pushing past $97 per barrel to reach its highest level since early June. The price surge follows a series of U.S. military strikes against Iranian targets and subsequent retailiatory actions, intensifying fears of prolonged geopolitical instability and energy supply disruptions.

Bitcoin climbed back above the $80,000 mark, tracking a broad market recovery fueled by declining U.S. Treasury yields and a weakening dollar index. The digital asset's upward momentum sparked a notable rally across major crypto-tied equities, including Robinhood and Coinbase.

Snowflake saw its stock soar by more than 20% following better-than-expected quarterly results driven by accelerating enterprise adoption of its artificial intelligence products. Conversely, chipmaker Broadcom experienced selling pressure and declining share prices despite beating analyst estimates, as investors sought a larger magnitude of outperformance.