Finance

Brent crude futures settled above $95 per barrel following a series of retaliatory military strikes between the United States and Iran. The ongoing conflict has shut down critical transit routes like the Strait of Hormuz, compounding concerns over sticky global inflation and heightened shipping expenses.

Heavy selling pressure across sovereign debt pushed yields to multiyear highs before they moderately cooled off. While the U.S. 10-year Treasury yield fluctuated near 4.8%, international debt markets experienced sharper shocks, with Germany's 10-year yield hitting a 15-year high and Japan's reaching its highest mark in three decades.

Digital assets experienced a sharp pullback, with Bitcoin falling toward the $76,000 range after previously crossing the $80,000 threshold. The market downturn was catalyzed by rising energy-fueled inflation worries alongside widespread compliance concerns sparked by a new U.S. Treasury enforcement program targeting Iranian crypto networks.