International oil prices surged on Thursday as traders weighed rising shipping risks in the Persian Gulf and mounting U.S.-Iran tensions, alongside the potential impact of Hurricane Isaias on U.S. energy infrastructure. Brent crude futures climbed 4.5% to $104.73 a barrel. WTI crude futures rose 4.4% to $91.41 a barrel.

U.S. stocks fell as a renewed rise in oil prices and elevated Treasury yields revived inflation concerns. Brent crude climbed 4.2% to above $104 a barrel amid heightened worries over Middle East supply disruptions. The benchmark 10-year U.S. Treasury yield hovered around 5.29%, near its highest level since 2002. Amazon, Tesla and Nvidia fell 0.3% to 1.3%, while the Dow Jones Industrial Average was down 88.19 points.

PayPal said a pilot using its PYUSD stablecoin moved more than $1 billion for internal intercompany settlements, cutting a dividend-payment process that typically took days down to two hours. PYUSD’s total supply has exceeded $3 billion, and the token is integrated across multiple blockchains in approximately 70 markets. The corporate treasury program has been recognized at the 2026 Adam Smith Awards, including Best in Class Treasury Solution.

Securitize said it has launched Securitize Stocks on the Solana blockchain, tokenizing U.S. equities on-chain with each token backed 1:1 by real shares held on its registered broker-dealer platform. The product offers applicable voting rights and dividends to eligible investors in the U.S., E.U. and other permitted jurisdictions. The launch brings traditional securities to the Solana ecosystem and broadens the range of on-chain assets.

Italy has fully met its obligations under the International Energy Agency's emergency oil stock release plan and remains open to providing additional supplies, provided other European nations...

U.S. stocks were set to open lower on Thursday as a jump in oil prices and Treasury yields near multiyear highs reignited inflation concerns. Brent crude futures rose above $105 a barrel amid Middle East supply risks, while the 10-year U.S. Treasury yield hovered around 5.32%. Megacap tech shares were broadly weaker, with Amazon, Tesla and Nvidia down between 0.4% and 1%.

Gevo said it has sold and delivered 10,000 carbon dioxide removal credits through ClimeFi to an end corporate buyer. The company said its existing sequestration infrastructure, operating footprint and access to both compliance and voluntary carbon markets could support a carbon business generating more than $30 million in annual revenue. Industry data show that only about 3% of roughly 50 million contracted tons in the carbon dioxide removal market has been delivered.

Oil prices rose above $105 a barrel, weighing on global equities as Federal Reserve Governor Christopher Waller signaled further interest-rate hikes may be needed to curb inflation. Dow futures fell 400 points, and S&P 500 futures pulled back from record highs. Asian benchmarks ended sharply lower, with India’s Sensex down 1,045 points and the Nifty hitting a 21-month low.