Finance

Concerns over geopolitical tensions in the Middle East sparked a notable rise in crude oil prices, which surged by about five percent. Market participants are increasingly monitoring potential disruptions to transit routes and shipping tankers through the Strait of Hormuz.

Fixed income yields moved higher following statements from central bank leadership indicating that further policy tightening may be necessary to correct sticky inflation. However, a successful auction of government notes ultimately helped to temper the upward pressure on long-term bonds.

Digital assets decoupled slightly from the sliding equity indices to trade in positive territory. Bitcoin climbed toward the $86,000 threshold, while Ether and other major tokens posted minor increases.