WS #5653
The data window shows escalating geopolitical tensions in the Strait of Hormuz, with two ships attacked, which is likely to push oil prices higher and complicate US-Iran peace talks. The EU is responding with measures to address the energy impact, including delaying a full maritime services ban on Russian oil and optimizing jet fuel distribution to avoid shortages. Meanwhile, the EU is poised to adopt a 20th package of Russia sanctions as the Druzhba pipeline restarts. Corporate news includes Adobe's $25 billion buyback (positive for ADBE), New Oriental Education beating estimates (positive for EDU), and Anthropic's AI model being accessed by unauthorized users (negative for AI-related sentiment). Tesla is set to report earnings, with expectations of a beat. The overall market is mixed, with US futures climbing on the Iran truce extension, but the attacks in the Strait of Hormuz introduce fresh uncertainty.
Key developments
- Two ships attacked in Strait of Hormuz, oil prices rise
- EU envoys delay full maritime services ban on Russian oil, adopt 20th sanctions package
- Adobe announces $25 billion share buyback
- New Oriental Education beats Q3 estimates, raises FY26 outlook
- Anthropic's Mythos AI model accessed by unauthorized users
- Tesla to report quarterly earnings; expectations for beat
- US stock index futures climb after Trump extends Iran truce