Global Markets Slip as Gulf Drone Attacks and Hormuz Tensions Drive Oil and Bond Yields Higher - Tekedia

Renewed drone attacks and tensions around the Strait of Hormuz pushed Brent crude higher and lifted government bond yields.

Stocks weakened across Europe, Asia, and U.S. futures as investors worried higher energy costs could fuel inflation and slow growth.

Safe-haven moves supported the U.S. dollar and gold, while U.S. Treasury and German Bund yields rose.

Markets also turned to upcoming Nvidia and Walmart earnings for clues on demand and corporate resilience.