Saudi Arabia and Gulf allies persuade Trump to call off Iran attack, preventing a potential oil supply shock that could have devastated European markets.
The Dow fell 322 points as the 30-year Treasury yield surged to its highest since 2007, reigniting inflation fears and rate hike bets.
UK 30-year gilt yields inch up amid global bond rout fueled by inflation fears, while US 30-year yields hit 19-year highs.
Japan's 10-year JGB hits 28-year high while brokerages prepare crypto trusts, signaling a shift in retail investment landscape.
The Federal Reserve keeps policy on hold as the economy remains resilient, with Treasury yields rising and precious metals mixed.