Finance

Renewed exchanges of airstrikes between the U.S. and Iran have all but dissolved previous ceasefire efforts, leading to significant volatility in the energy markets. Shipping traffic in the critical Strait of Hormuz has grounded to a halt, causing Brent crude oil prices to fluctuate around $78 per barrel as investors weigh the potential for prolonged supply chain disruptions and elevated inflation.

The 10-year Treasury yield edged higher toward 4.58%, reflecting investor reactions to persistent inflation worries and hawkish signals from recent Federal Reserve meeting minutes. While yields stayed slightly below their recent seven-week peaks, the upward trend suggests borrowing costs for mortgages and business loans will remain elevated for the foreseeable future.

Bitcoin and Ethereum prices trended lower on July 9, 2026, as investors rotated away from riskier assets due to the escalating conflict in the Middle East. Despite a slight recovery during the morning session, Bitcoin traded near $62,700, facing pressure as analysts monitor whether recent spot ETF inflows can offset weakening demand in the U.S.