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Escalating U.S.-Iran tensions lifted crude oil prices, weighed on U.S. stocks, pushed global sovereign bond yields to multi-year highs, and dragged U.S. stock sectors including storage, optical communications, and cryptocurrencies into broad declines.

2 hours ago

According to BIT (bit.com) market data, the escalating US-Iran conflict has seen the US military strike targets inside Iran. US President Donald Trump warned Iran would face far more severe retaliation if it launches a counterattack, while Iran has initiated its own response. The renewed conflict has boosted crude oil prices while pressuring US stocks and cryptocurrencies, with Bitcoin briefly falling below $77,000. At the close of US trading, the Dow Jones Industrial Average dropped 0.79%, the S&P 500 fell 0.71%, and the Nasdaq Composite declined 1.03%. US sectors including semiconductors, storage, optical communications, and cryptocurrencies all retreated. Global sovereign bond yields hit their highest level since 2008, with the 10-year US Treasury yield hitting a near 20-month peak. The US Dollar Index rebounded to near a two-week high, while the Japanese yen weakened below 160, hitting its lowest level since the US intervened in the foreign exchange market in late July. Semiconductor and storage sector performance: Seagate Technology (STX) down 1.42%, Western Digital (WDC) down 0.02%, SanDisk (SNDK) down 1.90%, Micron Technology (MU) down 2.64%, Nvidia (NVDA) down 1.51%, Intel (INTC) down 0.60%, Advanced Micro Devices (AMD) down 2.36%, Broadcom (AVGO) down 0.18%, Qualcomm (QCOM) down 2.27%. Crypto-related stocks: Strategy (MSTR) down 6.06%, Coinbase Global (COIN) down 6.01%, Circle Internet Financial (CRCL) down 6.35%, BitMine Immersion (BMNR) down 7.70%. Optical communications stocks: Marvell Technology (MRVL) down 0.60%, Applied Optoelectronics (AAOI) down 3.99%, Lumentum Holdings (LITE) down 5.01%, Coherent Corp. (COHR) down 2.09%, Ciena Corporation (CIEN) down 5.87%, Nokia (NOK) down 2.07%. According to Bitget market data, Brent crude oil rose 4.5% to $94.5 per barrel.

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