Finance

Global oil prices eased slightly after the U.S. executive administration indicated it would refrain from conducting military strikes on Iran ahead of the upcoming midterm elections. Additionally, a newly unveiled supply arrangement with Russia regarding diesel fuel helped mitigate ongoing supply disruptions, though Brent crude remained high above $100 per barrel due to maritime threats in the Strait of Hormuz.

Digital asset markets experienced a modest recovery, with Bitcoin solidifying its position around the $82,300 to $82,500 threshold. The price stabilization followed political declarations that lessened immediate fears of Middle East escalation, offering short-term relief to leveraged traders facing liquidation pressures.

The benchmark 10-year Treasury yield hovered just below 5.25%, remaining near multi-decade highs established earlier in the week. Concurrently, a sentiment report from the University of Michigan indicated that U.S. consumers have increased their one-year inflation projections to 4.7%, adding pressure on long-term monetary policy expectations.