CapEx Center of GOOGL & TSLA Earnings Attention as Crude Oil Taps $90

The U.S. is in its 12th straight day of bombing Iran, with mounting pressure to reopen the Strait of Hormuz. The geopolitical escalation is feeding into energy markets, with crude oil climbing back to about $90/barrel. Risk sentiment is likely to remain negative as disruption risk to shipping routes persists.

Analysis

The U.S. is in its 12th straight day of bombing Iran, with mounting pressure to reopen the Strait of Hormuz. The geopolitical escalation is feeding into energy markets, with crude oil climbing back to about $90/barrel. Risk sentiment is likely to remain negative as disruption risk to shipping routes persists.