Finance

Crude oil prices advanced as ongoing military hostilities between the United States and Iran stoked concerns over potential supply disruptions. Both Brent and West Texas Intermediate futures surged higher, with Brent climbing well past $95 per barrel as control over the critical Strait of Hormuz remained a focal point.

U.S. sovereign bond yields experienced a modest decline, with the 10-year Treasury yield pulling back toward 4.77% after touching its highest levels since late 2023. Investors are closely monitoring the macroeconomic environment as they await the release of crucial August non-farm payrolls data.

Bitcoin and Ethereum recorded modest gains, steadying above their local support levels after an initial dip induced by heightened inflation anxieties. Market participants are balancing macroeconomic pressures against optimism that the recent escalation in geopolitical conflict will prove short-lived.