Asian Stocks Fall as Surging Bond Yields Rattle Markets 
Asian Currencies Mixed as Dollar Holds Near Two-Month High 
Mexico-US Trade Talks Delayed to October as Tariff Negotiations Continue 
Oil Prices Ease as Iran Tensions Clash With Diplomacy Hopes 
Wall Street Ends Flat as Oil, Treasury Yields and Fed Jitters Rattle Markets 
U.S. Treasury Yields Surge as 30-Year Hits 22-Year High 
Russian Envoy Dmitriev Heads to US for Ukraine Talks 
Japan Private-Sector Growth Slows as Domestic Demand Weakens 
South Korea, US Discuss Warship Building Cooperation 
Fed Unveils Stablecoin Rules Under GENIUS Act 
Asian Stocks Fall as Bond Yields Surge Ahead of Trump-Xi Summit 
Oil Prices Jump 3% as Houthi Attack Revives Supply Fears 
RBI Uses $10 Billion Currency Swaps to Drain Excess Rupee Liquidity 
Japanese Bank Stocks Surge as Bond Yields Fuel Rate Hike Bets 
Gold Holds Near $4,275 as Rising Treasury Yields Fuel Fed Rate Hike Bets 
European Stocks Fall as Bond Yields and Geopolitical Risks Weigh 
Australia Unemployment Hits Five-Year High Despite Strong Jobs Growth 
Add as a preferred source on Google
Oil prices edged lower on Thursday, yet remained on track to close April with notable gains following a surge driven by geopolitical tensions and supply disruptions. Brent crude futures for June delivery slipped 3.3% to $114.08 per barrel, while U.S. West Texas Intermediate (WTI) crude declined 1.9% to $104.86. Despite the pullback, both benchmarks have experienced significant upward momentum in recent weeks.
The recent rally in global oil prices has largely been fueled by ongoing instability in the Middle East, particularly the continued closure of the Strait of Hormuz, a critical oil transit route. Even with multiple ceasefire extensions involving the U.S., Iran, Israel, and Lebanon, the blockage of this key shipping lane has severely disrupted global crude supply, contributing to one of the largest oil supply shocks in history.
Earlier gains were also supported by reports suggesting potential escalation in U.S. military involvement. According to media sources, President Donald Trump is considering various strategic options, including a naval blockade of Iran, targeted military strikes, and operations aimed at reopening the Strait of Hormuz. These developments have heightened market uncertainty and added a risk premium to crude oil prices.
Market participants are also closely monitoring diplomatic efforts, as negotiations between Washington and Tehran have stalled. Analysts suggest that while tensions remain elevated, global oil supply has not been as severely impacted as initially feared. JPMorgan estimates indicate that over 10% of global crude supply has been affected, yet price increases have remained relatively moderate compared to historical spikes.
Meanwhile, news that the United Arab Emirates plans to exit OPEC briefly pressured prices, raising expectations of increased production. However, analysts believe any supply boost may be delayed due to ongoing regional disruptions.
Experts advise investors to maintain a long-term perspective amid the volatility. Diversification remains key, as oil markets continue to react sharply to geopolitical headlines and shifting supply dynamics.
