Trump turned down Tehran's seven-day ceasefire proposal, according to a Wall Street Journal report citing U.S. officials. Oil futures jumped, with WTI up 2.2% to $94.41 and Brent up 3.2% to $107.67. Asian bond yields climbed, with Japan's 10-year yield up 2.3 bps to 3.090%. Gold fell 2.4% to below $4,200. Asian equities declined. OCBC raised its end-2026 Brent forecast to $85.
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