Finance

Global energy markets reacted sharply to the de-escalation of conflict, with West Texas Intermediate crude falling nearly 5% to approximately $81 per barrel. Brent crude also saw significant declines, dropping over 3% to settle near $84 as the threat of major supply disruptions through key shipping lanes was removed.

The yield on the 10-year US Treasury note fell to roughly 4.43%, marking its lowest level in a month as lower energy costs reduced long-term inflation expectations. Investors are now shifting their attention to the Federal Reserve’s upcoming policy meeting, where officials under new Chair Kevin Warsh are expected to maintain current interest rates.

Tech shares showed signs of a rebound after a volatile period earlier in June that saw trillions in market value erased from semiconductor firms. The recent market optimism and continued demand for artificial intelligence infrastructure have helped the Nasdaq Composite move back toward record highs as valuations undergo a structural reset.