[MARKET UPDATE] Energy continues to climb as it prices extended Hormuz disruption, weighing on equities and fixed income

The continued rise in energy prices due to the ongoing disruptions in the Strait of Hormuz is causing significant pressure on both equities and fixed income markets. This geopolitical risk is acting as a catalyst, increasing demand for safe-haven assets while raising concerns about inflation and growth, likely influencing central bank policy direction in the near term.