Finance

Energy prices have spiked following reports of a potential extended blockade of the Strait of Hormuz, a critical global oil trade route. West Texas Intermediate crude traded above $100 per barrel, gaining more than 3% as markets responded to the collapse of proposed peace talks between the United States and Iran.

Technology stocks, particularly semiconductor manufacturers, faced significant pressure after reports indicated OpenAI missed internal performance targets. This news contributed to a nearly 1% decline in the Nasdaq Composite, with major players like Nvidia and Arm Holdings experiencing notable sell-offs.

Despite volatility in traditional markets, Bitcoin rose to approximately $77,100, maintaining a positive trend for the month of April. Analysts suggest that while the asset is showing signs of institutional maturity, its short-term price movements remain sensitive to energy-driven inflation and broader geopolitical risks.