U.S. equities pulled back as crude oil surged to a five-month peak, reigniting inflation concerns and weighing on consumer and industrial shares.

Escalating U.S. diplomatic and regulatory pressure is closing key overland transit routes, squeezing Tehran's non-oil export economy and regional commercial networks.

Central bank policymakers reiterated their commitment to balancing employment stability with disinflationary momentum, signaling a nuanced calibration cycle across upcoming monetary policy meetings.

Precious metals broke through previous historical resistance lines as non-Western central banks diversified sovereign reserves and institutional investors increased allocations against fiscal deficits.