The latest Market Talks covering Energy markets. Published exclusively on Dow Jones Newswires throughout the day.

0847 ET - Bitcoin eases back below $80,000 as its recent rally loses steam. The cryptocurrency last trades steady at $78,950, having risen to a three-month high of $81,237 overnight, LSEG data show. Bitcoin's recent gains are driven by the U.S. Treasury's announcement last week that it would increase buybacks of long-term debt along with President Trump urging lawmakers to pass the Clarity Act bill for crypto regulation. The rally from levels around $64,000 at the start of last week signals speculative liquidity is quietly returning to alternative asset classes, Tickmill Group's Patrick Munelly says in a note. While a drop in crude prices and a pause in rising Treasury yields offer brief breathing room, the structural narrative is shifting toward fiscal discipline, debt monetization, and currency debasement where investors seek alternative assets, he says. (renae.dyer@wsj.com)

0546 ET - Eurozone bond yields remain caught between higher energy prices and the limited evidence of the second-round effects required to justify the amount of tightening now embedded in market pricing, Mizuho's Evelyne Gomez-Liechti says in a note. Neither Tuesday's German Ifo data nor the German Schatz auction should materially change the broader European Central Bank debate, the multi-asset strategist says. The 10-year Bund yield falls 2.0 basis points to 3.231%, according to Tradeweb. (emese.bartha@wsj.com)

0541 ET - Oil prices extend losses, falling more than 2.5% as investors see lower supply risks from fresh U.S. sanctions than from military escalation in the Middle East. In midmorning European trade, the front-month Brent crude contract is down 2.6% to $89.72 a barrel, while WTI futures slide 2.7% to $82.67 a barrel. "With no further military escalation and some tankers slipping through after buying heavily discounted oil to compensate for the elevated transit risk, the market remains in limbo," Saxo Bank analysts say. "However, the drawn-out disruption continues to tighten the availability of crude and, not least, refined products, leaving the market vulnerable to renewed price spikes should flows deteriorate again." (giulia.petroni@wsj.com)

0538 ET - U.S. Treasury yields edge lower in European mid-morning trade while the dollar is steady as investors digest the Treasury's decision to increase long-end debt buybacks and its plan to economically isolate Iran. "Financial markets are heading into a heavy run of catalysts following their reaction to Treasury Secretary Scott Bessent's moves on long-dated Treasury buybacks and the latest sanctions against Iran," says the The Revacy Fund's Zaheer Anwari in a note. Treasury yields remain at elevated levels as markets await the next round of U.S. economic data, he says. The 10-year Treasury yield falls 1.6 basis points to 4.886%. The DXY index is stable at 99.028. (emese.bartha@wsj.com)

0530 ET - Siemens Energy is benefiting from a positive shift in investor sentiment around the stock, Bank of America analysts write. The analysts spoke to more than 60 investors about the gas turbine-maker, and noticed "a significant shift in tone." Investors are attracted by a relatively low valuation, and anticipation that the company will up its targets--even though management is typically conservative. "Significant upgrades are inevitable," they say. Hedge funds in Europe and the U.S. are sounding increasingly positive on the stock, the analysts say. Signs of higher demand would also dispel fears the group's market is oversupplied, they add. Siemens Energy shares rise 2.1%. (josephmichael.stonor@wsj.com)

0523 ET - Asian equities closed mixed Tuesday and oil dropped. Investors were cautious ahead of the Jackson Hole economic symposium as well as coming Nvidia earnings. South Korea's Kospi rebounded from earlier losses to end 0.7% higher, Hong Kong's Hang Seng Index ended flat and China's Shanghai Composite gained 0.2%. Front-month West Texas Intermediate crude oil futures fell 2.0% to $83.33 a barrel, while front-month Brent crude oil futures were 1.8% lower at $90.49 a barrel. Bitcoin topped $80,000 for the first time since May and was last 1.2% higher at $79,853.78 as fresh investor interest in the so-called debasement trade brought growing support for the cryptocurrency as a dollar hedge. Spot gold was relatively stable after the recent rally, last shedding 0.5% to $4,627.82 a troy ounce (sherry.qin@wsj.com)

0343 ET - European natural-gas prices trade above 68 euros a megawatt-hour, their highest in more than three years, as supply constraints and low storage levels continue to worry investors. Inventories across the European Union are currently 63% full, well below the five-year average of 80%. "At the current rate, it will be difficult for the EU to hit even the lower storage target of 75% ahead of the heating season," analysts at ING say. "This raises the prospects of forced buying, increasing upside risk for gas prices." In early trading, the benchmark Dutch TTF contract slips 0.2% to 68.10 euros a megawatt-hour, but is up 7% on the week. (giulia.petroni@wsj.com)

0323 ET - Oil prices fall in early trading, with Brent crude below $90 a barrel despite U.S. plans to tighten economic pressure on Iran. The global oil benchmark is down 0.8% to $89.84 a barrel, while the U.S. gauge WTI slips 0.7% to $84.37 a barrel. Treasury Secretary Scott Bessent said the U.S. was sanctioning more than 60 entities, individuals and vessels tied to the regime, but didn't outline any specific steps against individual countries like China, a major buyer of Iranian oil. "The market seems largely unfazed by Washington's push for tighter economic pressure on Iran, with traders treating the U.S. effort to nudge partners away from Iranian trade as marginal rather than market‑moving," analysts at ING say. (giulia.petroni@wsj.com)

0320 ET - Bitcoin continues to perform well, remaining comfortably above $80,000, after rising to a three-month high overnight. The cryptocurrency has continued to rally in the wake of last week's U.S. Treasury announcement about increasing buybacks of long-term bonds and President Trump pushing for the passage of the Clarity Act crypto legislation. Short covering, where investors close out earlier bets against an asset as it rises, has helped bitcoin's rally, Charles Schwab's Joe Mazzola says in a note. Bitcoin rises 2.3% to $80,732, having hit as high as $81,237 overnight, LSEG data show. Ether gains 1.4% to $2,509, near the six-month high of $2,545 reached on Saturday. (renae.dyer@wsj.com)

0309 ET - Eurozone government bond yields decline in opening trade as U.S. Treasury yields stabilize after rising during Asian trade. Oil prices decline even as the Middle East situation is turning more complex after U.S. Treasury Secretary Scott Bessent launched a campaign to isolate Iran and warned countries and companies against making business with the country. Tuesday's eurozone government bond supply comes from Germany which sells 5 billion euros in the September 2028 Schatz. The 10-year Bund yield falls 1.1 basis points to 3.241% and declines are similar in other 10-year bonds, though 10-year Italian government bonds slightly outperform, according to Tradeweb. (emese.bartha@wsj.com)

0255 ET - The dollar rises to a one-week high against a basket of currencies after Treasury Secretary Scott Bessent announced new sanctions aimed at Iran. Bessent warned that countries and companies that do business with Iran will face retaliation from the U.S. However, he didn't outline any specific steps the U.S. would take against individual countries, including China. The threat of exclusion from the dollar-based financial system stoked speculation that some countries and banks might buy dollars pre-emptively, lifting the dollar, IG analysts say in a note. The DXY dollar index rises to as high as 99.106. (renae.dyer@wsj.com)

0203 ET - Seatrium's order wins could hit 6.0 billion Singapore dollars in 2026, say CGS International's Meghana Kande and Lim Siew Khee, raising their estimate from S$4.3 billion.The Singapore offshore and marine company's letter of intent with Golar LNG for a third floating liquefied natural gas conversion project, alongside the potential for further gas-related orders, should support this target, they say in a note. The analysts raise their 2026-2028 earnings per share estimates by 1.0%-8.0% to reflect potentially higher order wins, lower expenses and reduced interest costs. CGSI raises its target price to S$2.60 from S$2.52 and maintains an add rating. Shares gain 2.4% to S$2.14.