Finance

Crude oil benchmarks experienced turbulent trading as recent vessel attacks near the Strait of Hormuz and wartime supply disruptions with Iran kept international prices elevated. Brent crude settled near $104.72 a barrel, remaining roughly $40 higher than its price from a year ago. The market also weighed an announcement by President Donald Trump regarding a diesel supply agreement with Russia intended to help inject liquidity into global markets.

The benchmark 10-year U.S. Treasury yield concluded the week hovering near 5.24% following a highly volatile multi-day stretch. Fixed income markets have faced downward pressure due to deteriorating consumer confidence and elevated inflation projections, which reached a one-year forecast of 4.7% in the University of Michigan survey. Market participants continue to expect potential interest rate adjustments by the Federal Reserve before the conclusion of the year.

Bitcoin climbed back above the $82,000 threshold to pare losses after a massive $1 billion leverage liquidation shook the digital asset space earlier in the week. Despite suffering notable outflows from exchange-traded funds, sentiment remains supported by a report from JPMorgan Chase highlighting $50 billion in institutional crypto inflows over the current year. Meanwhile, innovation in blockchain architecture continues as institutional protocols prepare to debut fresh collateral technology for the token.