Finance

Crude oil prices have retreated to approximately $72.40 per barrel as the reopening of the Strait of Hormuz and optimism surrounding U.S.-Iran peace talks in Doha ease supply disruption concerns. Consequently, analysts have downgraded their 2026 price forecasts for the first time since the regional conflict began, reflecting a shift toward a potential market surplus.

Bitcoin and Ethereum faced significant downward pressure today, with Bitcoin slipping toward critical support near $58,500 and Ethereum trading around $1,580. Market sentiment in the digital asset space remains dampened by consistent outflows from spot Bitcoin ETFs and expectations that the Federal Reserve will maintain elevated interest rates through the remainder of the year.

The 10-year U.S. Treasury yield held relatively steady near 4.36% as markets weighed sticky inflation data against a Supreme Court ruling that protected the independence of Federal Reserve leadership. Although futures markets are pricing in a 25 basis-point rate hike later this year, yields have found a temporary range amid a slightly cooling global economic outlook.