Finance

Global energy markets faced upward pressure as international benchmarks like Brent and West Texas Intermediate climbed after disruptions to a vital Saudi Arabian pipeline. The ongoing regional volatility and stall in diplomatic talks have escalated anxieties over global supply channels.

The 10-year U.S. Treasury note yield pushed near the 5% threshold, reaching heights unseen in several years. Traders are largely pricing in a high probability of a 25 basis point benchmark rate hike from the central bank later this week following hot August inflation metrics.

Bullion prices continued their multi-week descent, hovering near $4,300 per ounce as expectations for upcoming Federal Reserve rate hikes strengthened. The combination of elevated Treasury yields and a robust U.S. dollar overshadowed the traditional safe-haven support typically brought on by international tensions.