Brent crude rose 2% to $105 a barrel on Thursday as Middle East conflict risks and Iran's restrictions on navigation through the Strait of Hormuz kept energy markets under pressure. West Texas Intermediate traded near $94, while the 10-year Treasury yield hovered near 5.10% and the 30-year yield reached its highest level since 2004, weighing on U.S. equities and technology shares. Nvidia led semiconductor stocks lower, with Amazon and Microsoft also declining; Bitcoin slipped near $83,000 and gold traded near $4,300. President Donald Trump met Chinese President Xi Jinping after the United States and China extended their trade truce by two months through Jan. 10. Corporate developments included Meta's Connect announcements, Goldman Sachs research on AI agents and data-center power, Oracle's Project Jupiter payment notice, Starbucks closures, Amazon shipping initiatives and Darden Restaurants' mixed earnings outlook.