Finance

The U.S. military reported striking two Iranian-flagged oil tankers in the Gulf of Oman, contributing to volatility in energy markets. These geopolitical tensions led to Brent crude oil prices rising above $100 per barrel, while domestic materials and energy sectors underperformed the broader market.

The cryptocurrency market experienced a modest pullback as bitcoin dipped slightly below the $80,000 threshold before stabilizing. Analysts identified $75,000 as a critical structural support level, while ethereum maintained a steady range near $2,300 following the release of the U.S. employment data.

U.S. Treasury yields retreated despite a strong jobs report as investors pivoted toward potential diplomatic resolutions in the Middle East. The 10-year Treasury yield fell to approximately 4.37%, easing pressure on borrowing costs even as the Federal Reserve signaled it may hold rates steady at 3.5% to 3.75%.