Finance

Crude oil prices spiked significantly after official declarations signaled the end of a ceasefire between the U.S. and Iran. Brent crude jumped more than 5% to exceed $80 per barrel, driven by fresh strikes in the region and reports of a natural gas tanker being targeted near the Strait of Hormuz.

U.S. Treasury yields climbed as investors reacted to potential interest rate hikes and rising energy costs. The 10-year Treasury yield rose to approximately 4.59%, reflecting market expectations that the Federal Reserve may maintain higher rates to combat renewed inflationary pressures.

Tech-heavy indexes like the Nasdaq showed volatility as investors questioned whether high AI infrastructure spending justifies current lofty valuations. Major chipmakers such as Intel and Micron saw notable declines, while Samsung's quarterly results failed to meet heightened investor expectations despite reporting significant profit growth.