Asian Stocks Rally as KOSPI, Nikkei Surge on Bond Market Relief 
Wall Street Slides as Treasury Yields Surge to 19-Year High 
UK Inflation Rises to 2.9% in July as Energy Costs Climb 
Japan Trade Deficit Widens as Imports Surge on Energy and AI Demand 
Asian Stocks Slide as Chip Selloff and High Bond Yields Hit Markets 
Asian Chip Stocks Plunge as Bond Yields Fuel AI Valuation Fears 
Trump Eyes 15% Tariff on Canadian Auto Imports in New Trade Deal 
Oil Prices Rise as US-Iran Tensions Renew Strait of Hormuz Supply Fears 
Wall Street Gains as Treasury Yields Fall, Fed Minutes Signal Inflation Risks 
U.S. Public Debt Tops $40 Trillion for First Time 
Gold Prices Edge Higher as Dollar Weakens Ahead of Fed Minutes 
Gold Tops $4,500 as Dollar Slides After Treasury Bond Move 
US Dollar Hits Three-Month Low as Treasury Yields Fall 
Fed Minutes Signal Rate Hikes Remain Possible as Inflation Risks Persist 
China Set to Hold Benchmark Lending Rates Steady for 15th Month 
Gold Prices Slide as Treasury Yields Surge, Fed Minutes in Focus 
Add as a preferred source on Google
Oil prices climbed on Thursday, extending their winning streak to five sessions as escalating tensions between the United States and Iran heightened concerns over global crude supply.
Brent crude futures gained 0.3% to $91.93 a barrel by 00:35 ET (04:35 GMT), while West Texas Intermediate (WTI) crude futures rose 0.25% to $84.60. Both benchmarks traded near one-month highs as markets continued to price in disruptions linked to the Strait of Hormuz.
U.S. President Donald Trump intensified pressure on Iran by announcing plans for tougher economic restrictions, describing the initiative as an unprecedented campaign of economic warfare and isolation. Although Trump did not provide specific details about the proposed measures, he urged U.S. allies to participate and warned countries against conducting business with Iran.
Iran already faces extensive U.S. sanctions targeting its oil exports, while the ongoing conflict has further disrupted energy flows from the region.
The Strait of Hormuz remains a key focus for oil markets because roughly 20% of global crude supplies typically pass through the strategic waterway. Commercial shipping traffic has remained well below pre-war levels despite U.S. officials maintaining that the route is open.
Trump said Wednesday that the United States had full control of the Strait of Hormuz and suggested negotiations with Tehran could eventually restart. Iran, however, has largely rejected claims that meaningful talks have occurred and has insisted Washington meet conditions outlined in a June memorandum of understanding before progress can be made.
That agreement expired earlier this week, with little indication that either side is preparing to renew it.
The U.S.-Iran conflict has provided sustained support for crude oil prices as traders factor supply disruptions and a higher geopolitical risk premium into energy markets. Emergency oil reserve releases by major economies, particularly the United States, have helped offset some shortages.
Still, uncertainty surrounding the Strait of Hormuz and the prospect of a prolonged Middle East conflict could keep Brent and WTI oil prices elevated in the coming months, especially if additional sanctions further restrict Iranian crude exports.
