WS #13397
Bessent and Rubio signal imminent deal to reopen Strait of Hormuz, driving oil prices down ~5% and boosting equities to record highs. Reuters reports US has used 'virtually all' long-range precision missiles and ~65% of Patriot interceptors, adding geopolitical risk that could reignite oil volatility. SpaceX reports first earnings tonight with lockup expiry Thursday, high volatility expected for SPCX and related names.
US-Iran Hormuz deal hopes
Bessent and Rubio signal imminent deal to reopen Strait of Hormuz, driving oil prices down ~5% and boosting equities to record highs.
Reuters reports US has used 'virtually all' long-range precision missiles and ~65% of Patriot interceptors, adding geopolitical risk that could reignite oil volatility.
SpaceX reports first earnings tonight with lockup expiry Thursday, high volatility expected for SPCX and related names.