Gold Prices Fall as Treasury Yields Rise on Fed Rate Hike Bets 
Asian Stocks Fall as Surging Bond Yields Rattle Markets 
US Stock Futures Fall as Treasury Yields Surge Ahead of Trump-Xi Summit 
Oil Prices Jump 3% as Houthi Attack Revives Supply Fears 
Japanese Bank Stocks Surge as Bond Yields Fuel Rate Hike Bets 
RBI Uses $10 Billion Currency Swaps to Drain Excess Rupee Liquidity 
US, China Extend Trade Truce to Jan. 10 Ahead of Trump-Xi Summit 
South Korea, US Discuss Warship Building Cooperation 
US 10-Year Treasury Yield at 6% Emerges as New Market Risk Threshold 
Dollar Holds Near Two-Month High as Yen Approaches 160 
Soybean Futures Slip as Traders Await Trump-Xi Trade Signals 
Fed Unveils Stablecoin Rules Under GENIUS Act 
Australia Unemployment Hits Five-Year High Despite Strong Jobs Growth 
Asian Currencies Mixed as Dollar Holds Near Two-Month High 
China’s ‘Lipstick King’ Says AI Won’t Replace Livestream Hosts 
European Stocks Fall as Bond Yields and Geopolitical Risks Weigh 
Russian Envoy Dmitriev Heads to US for Ukraine Talks 
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Oil prices surged Tuesday as markets reacted to fresh uncertainty in the Middle East, with Iran publicly denying it had held any negotiations with Washington — directly contradicting statements from U.S. President Donald Trump, who suggested a diplomatic agreement was within reach.
Brent crude futures jumped 4%, reaching $103.94 per barrel, while U.S. West Texas Intermediate climbed to $91.62, also gaining 4%. The rebound follows a sharp 10% drop on Monday after Trump announced a five-day pause on planned strikes against Iranian power plants, citing preliminary talks that yielded "major points of agreement." Tehran dismissed these claims as market manipulation, with Iran's Revolutionary Guards calling Trump's remarks a psychological ploy.
KCM Trade chief market analyst Tim Waterer noted that shelving the strike plan temporarily drained the war premium from crude prices, but cautioned that the Strait of Hormuz remains far from open. The critical shipping lane — responsible for transporting roughly one-fifth of the world's oil and liquefied natural gas — has been severely disrupted since the conflict escalated, though two tankers bound for India successfully passed through on Monday.
Analysts at Macquarie forecast a price floor between $85 and $90 per barrel, with a potential drift toward $110 as long as the strait remains compromised. Should the disruption extend through late April, Brent could spike to $150 per barrel.
Infrastructure attacks continued across the region, with targets hit in Isfahan and Khorramshahr, Iran. In response to tightening supply, the U.S. temporarily lifted sanctions on Russian and Iranian oil already at sea. The International Energy Agency also signaled it may authorize further releases from strategic reserves if conditions worsen.
Energy executives and ministers meeting in Houston warned of prolonged economic consequences, even as U.S. Energy Secretary Chris Wright sought to downplay the severity of the ongoing crisis.
