Global Markets See Volatile Day Ahead of US-Iran Talks

The global market landscape remains complex and uncertain as the US and Iran prepare for high-stakes negotiations in Pakistan.

The situation is further complicated by supply disruptions in the Strait of Hormuz, which have kept oil prices under pressure. Brent crude traded around $94.43 per barrel, while West Texas Intermediate hovered near $95.89, both falling over 1.5% in the day.

However, Bitcoin defied expectations and surged past key resistance levels on improving risk sentiment. The cryptocurrency's rally was supported by easing inflation concerns and technical factors, including over $290 million in short liquidations.