Finance

Energy markets are experiencing heightened volatility after U.S. forces targeted Iranian rocket launchers in the Strait of Hormuz, sparking retaliatory strikes against U.S. bases in Jordan. The escalation in geopolitical hostilities has pushed Brent crude futures back above $90 a barrel, renewing investor anxieties regarding regional instability and energy supply disruptions.

The fixed-income market reacted sharply to the central bank's rigid stance on inflation, causing the short-term two-year Treasury yield to jump up to 4.35%. Long-term benchmarks are also maintaining an upward trajectory, with the 10-year Treasury yield hovering near 4.73% as investors brace for a prolonged cycle of higher borrowing costs.

The cryptocurrency market is moving through a consolidation phase, with Bitcoin maintaining its position around $78,400 after securing substantial gains throughout the month of August. Despite the strong monthly performance, some market participants remain cautious as the digital asset recently triggered its first weekly death cross technical pattern in three years.