Finance

Renewed hostilities between the United States and Iran, including airstrikes and subsequent retaliations, continue to disrupt the Persian Gulf region. These escalating geopolitical tensions pushed Brent crude prices higher, settling up 1% at $95.63 per barrel and reinforcing persistent global inflation anxieties.

Shares of Dell Technologies experienced a substantial 16% rally following an impressive quarterly earnings release. The infrastructure giant boosted its annual revenue guidance by $25 billion, driven heavily by an immense $95 billion backlog for artificial intelligence servers and data storage infrastructure.

Concerns over sticky inflation and potential central bank rate hikes triggered a widespread global sell-off in the fixed-income markets. Yields on the U.S. 10-year Treasury peaked near 4.81% before easing slightly, while government bond yields in Germany, the United Kingdom, and Japan reached notable multi-year benchmarks.