Brent Tops $107 As Tehran Rejects Ceasefire, Stocks And Gold Retreat: What's Moving Markets Thursday?

U.S. equities are retreating on Thursday, snapping this week's tentative rebound, as Iran's rejection of Washington's latest ceasefire proposal drove Brent crude above $107 per barrel, pushed Treasury yields to fresh multi-session highs and sent gold lower again on intensifying inflation fears.