Finance

Global oil prices continued their upward trajectory, with Brent crude climbing near $108 per barrel. Market supply anxieties deepened after Saudi Arabia paused a critical transit pipeline following drone strikes and diplomatic talks between regional actors were postponed. The energy shock has renewed fears about corporate operating margins and broader inflationary headwinds.

The U.S. 10-year Treasury yield fluctuated just under the 5% threshold ahead of the Federal Reserve's upcoming monetary policy meeting. Strong jobs data and an August inflation print showing a steady annual rate of 3.4% have heightened market expectations for another imminent interest rate hike. This persistent inflation has fueled a widespread selloff in the sovereign debt market.

Bitcoin and Ether prices experienced notable fluctuations, experiencing brief downturns before mounting moderate relief recoveries. Digital asset performance remains constrained by growing expectations of a hawkish Federal Reserve decision and mounting geopolitical tension. Meanwhile, traders are eyeing a crucial upcoming legislative vote in the U.S. Senate that could establish a clearer regulatory framework for digital assets.