Finance

Brent crude oil futures dropped over 3% to settle at $87.33 per barrel as of June 12, marking a significant decline for the week. The downward trend is driven by emerging hopes for a diplomatic resolution between the U.S. and Iran, which could potentially reopen the vital Strait of Hormuz.

The cryptocurrency market faced a turbulent week, with Bitcoin trading near its 2026 lows around $63,600 as capital flows diverted toward high-profile technology IPOs. Significant liquidations totaling nearly $1.6 billion impacted the broader digital asset space as prices struggled for sustained momentum.

The 10-year Treasury yield settled near 4.49% as of June 12, reflecting a cautious outlook from investors. While producer price index data rose to its highest level since late 2022, markets are closely monitoring whether the Federal Reserve will maintain current interest rates or pivot toward hikes later in 2026.