Even with diplomatic channels still open, the standoff continues to unsettle energy markets, keeping oil prices firm and shipping routes under pressure.

The shift has quickly filtered into bond markets. Japan’s 10-year yield climbed to its highest level since 1997 as traders increased expectations for a Bank of Japan rate increase, driven by rising fuel costs and broader inflation pressure. In the United States, Treasury yields also pushed higher as concerns grew that borrowing costs may remain restrictive longer than previously expected.

Take a look at today's market updates!