Finance

International Brent crude futures surged 3.4% to close above $101 a barrel, crossing the triple-digit threshold for the first time since July. The violent spike in energy prices follows direct military hostilities between the United States and Iran in the Middle East, which have restricted maritime traffic through the vital Strait of Hormuz.

The yield on the 10-year U.S. Treasury note escalated to a multi-year high of 4.857% after the Treasury Department announced a $6 billion longer-term debt repurchase operation. Although the buyback volume was significantly larger than normal, fixed-income markets reacted with disappointment because some participants anticipated a much more aggressive intervention from policymakers.

Digital asset markets experienced a mild pullback as escalating geopolitical tensions in the Middle East dampened appetite for risk-based investments. Major tokens like Bitcoin and Ethereum stabilized near $79,000 and $2,480, respectively, as traders braced for prospective Federal Reserve interest rate hikes and key legislative events.