Global Markets Climb as US Inflation Data Meets Forecasts

While domestic economic indicators provided stability, energy markets reacted with greater volatility. U.S. crude surged to $83.71 per barrel as traders weighed the potential for supply disruptions against ongoing geopolitical friction. The focus remains fixed on the Strait of Hormuz, where international efforts to mitigate conflict have hit a wall; Iranian officials explicitly denied that any ceasefire negotiations with Washington are taking place.

Despite the lack of diplomatic progress in the Middle East, capital continues to flow into risk assets. Commodities saw a broad lift, with gold and silver prices gaining ground even as currency markets showed only minor fluctuations. This resilience suggests that market participants are betting on a gradual cooling of tensions rather than an escalation that would threaten global supply routes.