Oil Prices Surge Amid Ongoing Tensions Between U.S. and Iran

U.S. President Donald Trump has claimed that the United States engaged in "productive dialogue" with Iran, although Iran denies any negotiations and accuses Trump of manipulating oil prices through false news. According to Ming Pao, the conflict between the U.S.-Israel alliance and Iran continues, with Israel asserting its commitment to "fully" combat Iran, further driving up oil prices. On Tuesday, Brent crude oil prices rose above $100 per barrel, reaching $104.35, while New York crude oil peaked at $92.68 per barrel. Meanwhile, the three major U.S. stock indices fell again in early trading. The yield on the U.S. two-year Treasury note, sensitive to interest rates, climbed to 3.9%, and the yield on the 10-year Treasury note increased to 4.4%.