Oil prices surged on heightened geopolitical risks in the Middle East, pushing benchmark futures higher. Global stock markets declined amid the uncertainty, with investors shifting toward safer assets. Long-dated bond yields also climbed, reflecting expectations of sustained higher inflation. Meanwhile, Amazon announced it is facing a fresh legal challenge, adding pressure to the tech giant's already volatile quarter.

The energy sector rallied as supply concerns intensified, while broader market sentiment soured. Analysts warned that continued escalation could further disrupt global trade routes and drive costs higher for consumers. The legal development for Amazon comes as the company navigates multiple regulatory hurdles across different jurisdictions.