The U.S. 10-year Treasury yield hovered near 5%, pressuring Wall Street to close lower overnight. Tensions in the Middle East escalated again, including an attack on Saudi Arabia’s East-West pipeline and continued disruption around the Strait of Hormuz. WTI held firm in the $104–105 a barrel range, while Brent hovered near $108, curbing global risk appetite.

Indian equities are expected to open flat on Sept. 16 after benchmarks fell in the prior session. The Sensex slid 777.94 points to 74,003.82 and the Nifty 50 dropped 279.50 points to 23,118.60. Rising Middle East tensions kept WTI crude in the $104–105 range, while the U.S. 10-year Treasury yield climbed to its highest level in nearly two decades, weighing on global risk sentiment amid inflation concerns.

The U.S. Senate blocked advancement of the Clarity Act on Sept. 15 after a motion to proceed failed the 60-vote threshold in a 49–50 vote. A revised version of the bill incorporated 126 changes requested by Democrats, including provisions on a stablecoin-rewards “circuit breaker,” state-level enforcement, and expanded safe harbors for developers. Markets reacted negatively, with Bitcoin down about 3%. Coinbase and Circle shares fell roughly 8%–10%.

Indian equities sold off sharply on Tuesday after crude oil rose above $100 a barrel and US Treasury yields moved past 5%, weighing on risk appetite. The combined market value of BSE-listed companies fell below $5 trillion to $4.92 trillion, a three-month low, and India’s share of global market capitalisation slipped below 3%. The Nifty dropped 280 points to 23,118.60, its lowest level in five months. Investors are awaiting policy meetings from major central banks for direction.

The Indian rupee slipped to a three-month low on Tuesday, pressured by Brent crude rising above $108 a barrel and the U.S. 10-year Treasury yield breaching 5%. The Reserve Bank of India intervened by selling dollars to curb the currency’s decline. The rupee’s next moves are expected to hinge on oil price swings and the Federal Reserve’s policy decision.

A U.S. judge ordered Paramount and the state attorneys general seeking to block its merger with Warner Bros. Discovery to attend a two-day settlement conference on Oct. 14–15. California Attorney General Rob Bonta previously canceled a scheduled meeting after accusing Paramount of leaking details from an earlier discussion, an allegation the company denied. Under the merger agreement, Paramount would owe a $7 million-a-day ticking fee starting Oct. 1 if the deal has not closed. The court will also hold a Sept. 24 hearing on Paramount’s bid to require plaintiffs to post a $1.88 billion bond tied to that fee.

Trip.com Group reported a net loss of $363 million for the second quarter, or 57 cents per share. Adjusted earnings were $1.07 per share. The company reported revenue of $2.31 billion for the period.

Fresh signs of disruptions to Saudi crude supply sent oil prices sharply higher, with Brent futures up 2.6% to $US108.39 a barrel and WTI futures up 4% to $US105.45. The move weighed on US equities, extending losses across the major indexes. The Dow fell 0.6%, while the S&P 500 and Nasdaq Composite slipped 0.5% and 0.8%, respectively.