Finance

Energy prices spiked as U.S. central command authorized additional military operations against Iranian infrastructure. West Texas Intermediate futures surged above $90 a barrel for the first time in over a month, settling higher alongside global benchmark Brent crude. The steep rise in oil values provided a modest tailwind to major domestic producers like Chevron and ExxonMobil despite the down market.

The yield on the 10-year U.S. government bond pushed upward to 4.79%, hitting its highest mark since early 2025. This uptick underscores a broad selloff across global bond markets as investors grapple with lingering macroeconomic pressures. Wall Street participants increasingly fear that persistent energy price pressures could push the Federal Reserve toward an interest rate hike later this month.

Digital assets pulled back from their recent openings as mounting expectations of a hawkish central bank response weighed on non-yielding investments. Bitcoin hovered near the $77,600 mark, while Ethereum saw mixed sentiment as it tested key Fibonacci support lines. The market softness reflects reduced confidence as traders recalibrate the probability of upcoming domestic interest rate modifications.