Finance

U.S. and international crude benchmarks spiked well over $100 per barrel, reaching their highest marks since May. Intensifying military actions and geopolitical tensions involving the U.S. and Iran have triggered deep anxieties over potential supply shocks along crucial shipping routes.

The yield on the benchmark 10-year U.S. Treasury note advanced to 4.91%, its highest level since 2023, while the 30-year yield reached levels not seen since 2007. Bond yields expanded globally as a $6 billion long-dated debt buyback operation by the U.S. Treasury Department failed to satisfy investor expectations for larger volume interventions.

Bitcoin fell below the $78,000 threshold and Ethereum pulled back toward $2,460 as digital assets faced headwinds from broader macroeconomic uncertainty. The dip reflects cautious positioning by crypto traders navigating rising bond yields and a high probability of impending central bank tightening.