Finance

Crude oil prices advanced as renewed military engagements between the United States and Iran heightened supply disruption anxieties in the Middle East. Security threats nearby the critical Strait of Hormuz infrastructure caused global benchmark Brent crude to lift past $91 a barrel. The ongoing seven-month conflict continues to inject a noticeable risk premium back into energy commodities.

The 10-year U.S. Treasury yield surged to around 4.79%, marking its highest intraday level since early 2025. Investors are selling off fixed-income securities due to rising energy costs, which could spark a fresh wave of economic inflation. Recent comments from Federal Reserve officials focusing heavily on price control have similarly intensified expectations for a near-term policy shift.

Spot gold and precious metal futures pulled back below $4,450 an ounce, nursing recent losses. Bullion faced mounting headwinds from a combination of climbing bond yields and an increasing probability of a Federal Reserve interest rate increase. According to market trackers, odds for a 25-basis-point rate hike this month jumped considerably compared to the prior week.