WS #2678

The data dump reveals a critical shift in the Strait of Hormuz crisis, with oil markets now pricing in a potential reopening as diplomatic efforts intensify. Bloomberg reports that oil markets are pricing in the reopening 'sooner rather than later' per Vitol Group's CEO, corroborated by multiple sources noting oil price declines following Trump's statements about talks to end the war. This contradicts earlier warnings from Chevron's CEO about unpriced disruption risks and Iran's official restrictions, creating volatility in energy markets. Simultaneously, the IEA chief warns this is the worst energy crisis in decades, exceeding 1970s shocks, with cascading effects like petrol station shortages in Australia, indicating prolonged supply issues. Geopolitical tensions remain high with Iran maintaining military options and the US considering diplomatic partners, while domestic US political standoffs over DHS funding threaten airport operations, adding to broader economic uncertainty. In tech, NVIDIA faces continued bearish pressure from insider selling, while dark pool activity in Seagate suggests institutional positioning ahead of AI-driven demand shifts.