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

0651 GMT - Bitcoin edges lower as investors exercise caution due to ongoing uncertainty over the Middle East conflict and ahead of U.S. inflation data at 1230 GMT. Iran said the Strait of Hormuz would remain closed unless the U.S. meets its conditions while the U.S. military said its forces fired on a Panama-flagged ship that attempted to run the American blockade of Iranian ports early Tuesday. The inflation data will be key for interest-rate expectations ahead of the Federal Reserve's September meeting, where markets are pricing roughly 50-50 odds of a 25 basis-point rate increase, according to LSEG. Bitcoin falls 0.2% to $63,599, LSEG data show. (renae.dyer@wsj.com)

0643 GMT - Treasury yields and the dollar trade steady as investors await U.S. inflation data at 1230 GMT for clues on whether the Federal Reserve could raise interest rates. The data are expected to show annual inflation eased to 3.4% in July from 3.5% in June, according to a WSJ survey of economists. Given pricing for the Fed's September meeting is in balance between a rate rise and no increase, the data may help reduce the uncertainty, Danske Bank's Jens Naervig Pedersen says in a note. LSEG data show the market prices a 53% chance of a 25 basis-point rate rise in September. The DXY dollar index trades at 99.873. The 10-year Treasury yield is at 4.682%, below Tuesday's 11-day high of 4.735%, according to Tradeweb. (renae.dyer@wsj.com)

0559 GMT - E.ON's is well on its way to achieving its full-year adjusted net income target, Jefferies analysts Ahmed Farman and Arturo Murua write. The German energy company has achieved around 68% of the mid-point of guidance, which is 2.8 billion euros, they note. In the past 3 years, the company has on average earned around 1 billion euros extra over the second half of they year, they say. This means the upper end of its guidance of 2.9 billion euros looks well within reach, they say. Shares closed Tuesday at 19.02 euros.