Markets Surge Amid Diplomatic Tensions and Economic Optimism

U.S. stock markets hit record highs as investors brace for a crucial meeting between President Trump and President Xi Jinping. Meanwhile, rising oil prices fueled fears over inflation, exacerbated by Trump's recent comments on Iran.

The threat of prolonged conflict in the Middle East kept investors on edge, affecting the currency market as the dollar displayed mixed movements against global counterparts.

As the situation in the Strait of Hormuz remains tense, stakeholders are hopeful for diplomatic progress during the upcoming talks, impacting both energy and treasury markets significantly.

(With inputs from agencies.)