Finance

Global energy markets experienced a sharp sell-off as West Texas Intermediate and Brent crude futures fell substantially. Reports indicating that a potential seven-day plan to end regional conflict was being discussed, alongside dialogue between global leaders, fueled the downturn in oil prices.

The 10-year U.S. Treasury note yield pulled back from its steepest overnight peaks but remains locked near heights not seen in nearly two decades. Investors continue to worry that recent robust economic indicators will compel the Federal Reserve to implement additional monetary tightening at its next meeting.

In digital asset markets, Bitcoin experienced a strong 6% push upward, clearing the $81,000 mark. The crypto rally accelerated as investors shrugged off the failure of the CLARITY Act, triggering a wave of short liquidations that lifted the broader alternative asset complex.