Finance

International crude benchmarks climbed roughly 3%, with Brent crude approaching the $95-per-barrel threshold. The price appreciation was fueled by compounding supply concerns across key global transit points, including maritime friction in the Red Sea and geopolitical escalations between the United States and Iran. The ongoing energy surge has reignited broader market anxieties regarding persistent inflation.

The yield on the 10-year U.S. Treasury note surged toward its highest level in two months, tracking close to its 2026 peak. Higher energy prices have caused fixed-income investors to price in a more aggressive stance from the central bank. Market implied probabilities for a rate hike at the upcoming Federal Reserve policy meeting climbed significantly over the week.

Cryptocurrency valuations consolidated within a narrow band, with Bitcoin hovering near the $65,000 level. Market sentiment faced competing forces from macroeconomic inflation pressures and continued institutional inflows into spot exchange-traded funds. Meanwhile, legislative momentum in Washington picked up as the Senate advanced the Digital Asset Market Clarity Act ahead of its upcoming recess.