Finance

Oil prices experienced significant volatility as military strikes between Israel and Iran threatened regional stability, briefly pushing Brent crude above $98 per barrel. Markets stabilized later in the day after signals from both nations indicated a pause in immediate hostilities, though concerns regarding long-term energy inflation persist.

A much stronger-than-expected May jobs report has prompted traders to price in a higher probability of a Federal Reserve interest rate hike by the end of 2026. While the unemployment rate remained steady at 4.3%, the robust labor data has pushed U.S. Treasury yields higher and increased focus on upcoming inflation reports.

After dipping below $60,000 for the first time since 2024 over the weekend, Bitcoin rebounded to trade near $63,500. The recovery comes amid high volatility driven by capital shifts into artificial intelligence assets and macroeconomic pressure from rising bond yields.