The article highlights the resurgence of market risk following the expiration of the ceasefire between the U.S. and Iran, which has reignited tensions and led to renewed attacks in the Strait of Hormuz. As a result, oil prices have surged, with Brent crude surpassing $90 a barrel, contributing to a rise in the 30-year Treasury bond yield to levels not seen since 2007.
This spike in oil prices has negatively affected stock markets across Asia-Pacific and is expected to influence U.S. and European futures as well. Despite the increased market activity, the VIX, a measure of market volatility, has dropped to its lowest level of 2026, suggesting a potential complacency among investors.
Analysts caution against becoming too comfortable as the U.S. mid-term elections approach. Additionally, the article notes that Bitcoin is at historic lows but may see a significant price swing in the coming months, according to Fundstrat. In corporate news, BHP's shares have risen after the company exceeded earnings expectations and announced its highest dividend in four years