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The truce fell apart weeks ago and the Strait of Hormuz is still held hostage by war, with both Iran and the US claiming control of it. As global oil stockpiles run down, this game of mutually assured obstruction must end.
As peace prospects in the Middle East worsen, oil prices surged, reigniting fears about supply disruptions. Concurrently, US Treasury yields climbed to their highest levels in years, revealing investor anxiety over increased government expenditure. Asian markets showed positive movement, particularly in the tech sector, as chipmakers benefited from growing AI optimism.
Mark Mahaney sees growing signs that internet behemoths will get a return on their soaring capital expenditures.
Institutions build trust, these pieces show, not by doing more, but by making their actions add up
Roku CFO & COO Dan Jedda sells $1.1 million in class a common stock
Butterfly Network director Larry Robbins sells $20.6 million in stock
U.S. stock futures muted after Wall St slips on Iran tensions, oil surge
Pro Medicus FY profit soars 130% on U.S. contract wins
SK Hynix tests 200 SMA after +43% rally: Live levels