Finance

Crude oil prices surged back above the $100 per barrel mark due to direct military conflicts between the U.S. and Iran affecting the Strait of Hormuz. The sudden jump in energy costs has reintroduced inflation fears to Wall Street, keeping major equity benchmarks volatile.

Fixed-income markets face sustained pressure as the 10-year Treasury yield hit its highest levels since 2002. This movement comes as investors weigh hawkish inflation indicators, rising imports, and a widening domestic trade deficit that could complicate the Federal Reserve's rate path.

Digital assets are experiencing a phase of consolidation, with Bitcoin trading near the $82,000 to $84,000 range. Despite recent structural corrections from all-time highs, market sentiment is buffered by positive institutional ETF flows and growing investor diversification into alternative layer-1 networks.