Finance

Global energy markets reacted sharply to the renewed conflict, driving Brent crude futures up by more than five percent to approach the eighty dollar per barrel threshold. The price surge follows a wave of military strikes targeting strategic transport channels like the Strait of Hormuz and new sanctions restricting sales.

Bond yields across maturities advanced significantly as the potential economic fallout from rising energy prices renewed systemic fears of prolonged inflation. Both the 10-year and 30-year Treasury yields breached critical thresholds, placing notable downwards pressure on rate-sensitive equities.

While the broader equities market faltered, large-cap artificial intelligence and technology stocks provided a critical buffer to the Nasdaq Composite. Selective gains from heavyweights like Nvidia helped the tech-heavy benchmark narrowly achieve a positive close despite widespread losses underneath the surface.