Finance

International oil benchmarks moved upward amid persistent tension in the Middle East, with Brent crude rising back past the $100 per barrel mark. Supply worries intensified following attacks by Yemen-based Houthi rebels targeting commercial vessels and regional oil facilities. These persistent geopolitical disruptions overshadowed recent signs of recovering physical crude output.

The digital asset market suffered a steep correction, forcing Bitcoin to plunge well below the $84,000 threshold. The rapid sell-off catalyzed over $550 million in total cryptocurrency liquidations within a 24-hour window, heavily impacting traders holding leveraged bullish bets. The cryptocurrency sector experienced downward pressure alongside broader risk assets due to rising Treasury yields and a strengthening U.S. dollar.

Space Exploration Technologies is reportedly seeking to raise $40 billion in a new financing push. Market sources indicate that the aerospace manufacturer intends to utilize these funds to purchase specialized artificial intelligence processors from Nvidia. Following the emergence of these massive funding reports, shares of the space technology firm experienced a downward move.