The governor of Russia's Oryol region said regional infrastructure was damaged by falling drone debris.

The $39 billion 10‑year Treasury auction drew strong demand and was awarded at a 5.30% yield, below traders' pre-auction expectations. BMO said dealers required to bid at auctions received unusually low allocations, signaling outsized demand from non‑dealer investors. U.S. Treasury yields had jumped before the U.S. session but have given back most of those gains as oil prices retreated, and eased further from intraday highs after the auction.

US stock futures fell in European trade on Thursday: Dow Jones futures down 0.56% at about 51,160, S&P 500 futures down 0.28% at about 7,830 and Nasdaq-100 futures down 0.44% at about 31,270. US Treasury yields rose back toward levels not seen since 2002. Elevated oil prices are intensifying market concerns about inf, while rising US–Iran tensions risk disruption to the Strait of Hormuz. Markets will watch Fed officials’ remarks for policy signals; investors also await quarterly results from PepsiCo, Progressive and Delta Air Lines due Thursday.