Finance

Global energy benchmarks experienced sharp rallies following intensified military clashes between the United States and Iran in the Strait of Hormuz. Brent crude surged over 3.4% to finish above $101 per barrel, breaching the $100 threshold for the first time since July.

The 10-year U.S. Treasury yield climbed to 4.836%, hitting its highest mark since late 2023. The upward movement was catalyzed by investor dissatisfaction with the Treasury Department's newly announced $6 billion long-term debt buyback operation, which fell short of loftier market expectations.

Shares of Meta Platforms advanced by over 6% during an otherwise negative trading session for major tech firms. The stock found strong support after the social media giant rolled out an autonomous AI assistant capable of handling real-world consumer workflows such as travel bookings and vehicle sales.