Bonds & Stocks
A selloff in technology stocks hit equity markets as concerns resurfaced over whether vast investments in artificial intelligence will pay off for investors. Brent rose toward $112 a barrel, sending bond yields higher. S&P 500 futures fell 0.8%. The yield on 10-year Treasuries advanced three basis points to 4.37%
Economy
Oil prices rose above $110 to a three-week high during Asia trading amid uncertainty over the progress of US-Iran negotiations to end the war.
World
The United Arab Emirates will leave OPEC and its wider alliance, dealing a blow to the group and its leader Saudi Arabia as the global oil industry grapples with the massive supply disruption caused by the Iran war.