Oil Prices Surge as Iran Resumes Attacks, Bitcoin Near Historic Lows
· World · CNBC, Investing.com, tass
Brent crude climbed above $90 a barrel after renewed tensions with Iran, pushing the 30‑year U.S. Treasury yield to its highest level since 2007 and dragging Asian stocks lower while U.S. and European futures fell. The VIX dropped to its lowest point of 2026, signalling growing complacency as U.S. mid‑term elections approach. The ceasefire between the U.S. and Iran ended, and attacks on vessels in the Strait of Hormuz resumed; a cargo ship was struck, killing a crew member and damaging its engine room, according to the U.K. Maritime Trade Operations. President Donald Trump warned that he would bomb Oman if it interfered with talks with Iran. Bitcoin is trading near historic lows, with Fundstrat projecting a rise of over 30% in the next two months. Shares of mining giant BHP rose to a two‑month high in Australia after the company surpassed earnings expectations and announced its highest dividend in four years.
Why it matters
The jump in oil prices feeds higher import costs for India, likely tightening inflation and pressuring the rupee, while the rise in U.S. Treasury yields can influence global debt markets and affect Indian borrowing costs.
Read the original report — CNBC
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