Finance

Brent crude oil futures pulled back beneath the $100 per barrel mark, dropping roughly 3.5% to around $91 a barrel. The commodity's swift decline was prompted by emerging reports that China is encouraging new peace talks between the United States and Iran through Pakistani intermediaries, offering immediate relief to inflation-weary markets.

The digital asset market recorded moderate losses, with Bitcoin stabilizing near the $64,000 to $65,000 range and Ethereum dropping nearly 3%. Analysts attributed the downward pressure to a shift in macroeconomic expectations and surging U.S. Treasury yields, which increased the opportunity cost of holding non-yielding risk assets and triggered over $200 million in spot ETF outflows.

Spot gold prices rose moderately to trade near $4,073 per ounce as investors engaged in dip-buying after a previous-session sell-off. Market participants are heavily focusing on safe-haven commodities and adjusting positions ahead of the Federal Reserve's interest rate decision scheduled for next week.