Finance

Global energy markets experienced sharp movements as Brent crude futures jumped roughly 5% to settle near $87.72 a barrel. The price surge follows a list of steep demands issued by Tehran regarding the potential reopening of the strategically critical Strait of Hormuz.

Intel shares slid over 4% after the company revealed plans to execute a $15 billion common stock offering aimed at backing artificial intelligence infrastructure investments. The prospect of shareholder dilution triggered broader declines among major chip manufacturers, pulling down peers like Nvidia.

The yield on the 10-year U.S. Treasury note climbed toward 4.71% as bond markets anticipated the release of key consumer price index data. Despite recent weak nonfarm payroll metrics prompting traders to reevaluate immediate interest rate hikes, fixed-income yields rebounded amid renewed energy costs.