Finance

Despite the temporary ceasefire, crude oil prices continued to climb due to ongoing uncertainty regarding the Strait of Hormuz and potential global revenue blockades against Iran. Brent crude briefly topped $102 per barrel as traders weighed the impact of persistent regional instability on global energy supply chains.

The U.S. Treasury successfully auctioned $13 billion in 20-year bonds at a yield of 4.883%, while the 10-year yield held steady near 4.3%. Bond markets are currently navigating a balance between easing geopolitical risks and hawkish comments from Federal Reserve chair nominee Kevin Warsh, who emphasized maintaining central bank independence.

Cryptocurrencies saw significant gains with Bitcoin rising toward the $79,000 mark and Ethereum climbing above $2,300. The rally was largely attributed to the extended ceasefire, though Bitcoin faces major technical resistance that could define its next primary market move.

Robust first-quarter reports from companies like GE Vernova and Boeing helped drive market gains despite a difficult macroeconomic backdrop. The technology sector continues to lead the rally, supported by projected annual earnings growth and heavy capital investment into artificial intelligence integration.