Finance

Oil prices experienced modest gains on Monday but remained well below recent peaks after the United States and Iran agreed to suspend further military exchanges near the Strait of Hormuz. While the agreement has slightly stabilized energy markets, shipping traffic through the critical waterway remains below normal levels as security assessments continue. Market participants are now focused on upcoming peace talks scheduled to resume in Doha.

U.S. Treasury yields held steady on Monday, with the 10-year note trading near 4.38% after a sharp decline the previous week. Investors are awaiting the monthly jobs report, which is being released a day early due to the upcoming July 4th holiday, to gauge the strength of the labor market and potential for further Federal Reserve rate hikes. Markets are currently pricing in the possibility of a rate increase as early as September to combat persistent inflation.

Bitcoin struggled to maintain the $60,000 psychological level on June 29, 2026, amid significant ETF outflows and expectations of prolonged high interest rates. The market is currently experiencing a period of extreme fear as institutional selling and macroeconomic uncertainty continue to suppress risk assets. In response to recent volatility, Michael Saylor's firm announced plans to buy back stock and sell Bitcoin to stabilize investor confidence.