Finance

International oil benchmarks experienced significant volatility, with Brent crude briefly pushing past the $100 per barrel mark following intensifying military exchanges between the U.S. and Iran alongside Red Sea tanker attacks. While energy prices cooled slightly toward the end of the week, the escalation continues to fuel broader macroeconomic anxieties regarding supply chains and renewed inflation.

A significant selloff in the Treasury market has pushed longer-dated U.S. yields to their highest marks in over a year, with the 30-year yield approaching levels not seen since 2007. The sudden movement reflects a sharp repricing of Federal Reserve policy expectations as market participants weigh persistent energy-driven inflation and a hands-off guidance approach from Fed Chairman Kevin Warsh.

The White House has announced plans to implement broad import duties ranging from 10% to 12.5% against a vast majority of its global trading partners. The substantial global levies aim to reconstruct the administration's tariff policies following previous legal hurdles, drawing criticism from international trade participants while offering select exemptions for critical energy products.