Finance

The energy sector was the sole outlier in a broad market selloff, advancing more than 2% as crude oil prices surged. Brent crude reached nearly $109 per barrel due to persistent supply concerns in the Middle East and the closure of the Strait of Hormuz.

Bond yields reached critical thresholds, with the 30-year Treasury yield climbing to its highest level since 2007. The sharp selloff in bonds reflects growing market concern that the Federal Reserve may consider additional interest rate hikes later in 2026 to combat energy-driven inflation.

Digital assets faced a significant downturn, with Bitcoin sliding below $80,000 as investors rotated capital into more traditional equity markets. Despite recent legislative progress in the U.S. Senate regarding regulatory clarity, most major tokens remain locked in tight consolidation ranges following a rejected rally.