Hormuz Opening Uncertain After New Strike
Bessent signals Iran deal could reopen Hormuz within hours, lifting stocks and pushing oil lower. For tech leaders, the geopolitical shift normalizes energy costs, reducing capex pressure on datacenter build-out and easing cloud provider margin compression.
Hormuz Opening Uncertain After New Strike
A ship moving through the Strait of Hormuz was struck as talks to open the waterway continued.
U.S. Stocks Leap, Oil Slides After Bessent Says Iran Deal May Be Near
Stocks were rallying after Treasury Secretary Scott Bessent said a deal with Iran to reopen the Strait of Hormuz could come "today or tomorrow."
U.S. Trade Deficit Contracted in June
Hormuz Opening Uncertain After New Strike
Hormuz Opening Uncertain After New Strike
U.S. Stocks Jump as Bessent Says Iran Deal May Be Days Away
U.S. Stocks Jump as Bessent Says Iran Deal May Be Days Away
U.S. Stocks Jump as Bessent Says Iran Deal May Be Days Away
Negotiators Close In on Deal With Iran to Open Hormuz
