Finance

Global crude oil prices and domestic pump costs are expected to decline as a new memorandum of understanding between the U.S. and Iran eases geopolitical risks. Analysts anticipate rollbacks in gasoline and diesel prices, providing a reprieve for consumers after months of elevated energy costs driven by conflict in the Middle East.

The cryptocurrency market has faced downward pressure, with Bitcoin falling below key support levels following record outflows from spot ETFs. While institutional buyers showed signs of selling earlier in the month due to geopolitical tensions, some technical indicators suggest potential stabilization as new protocol milestones approach.

U.S. Treasury yields remained elevated as traders positioned for the possibility of interest rate hikes later this year. Despite resilient economic data, the Federal Reserve's lack of formal guidance has fueled market volatility, with many investors now pricing in a high probability of a rate hike by September.