WS #3049

The data dump reveals escalating geopolitical tensions in the Middle East, with Israel's Defense Minister announcing plans to take control of southern Lebanon up to the Litani River, marking a significant expansion of the conflict that threatens to draw in regional actors. This development, coupled with Iraq summoning the U.S. chargé d'affaires over attacks on its military units, indicates widening diplomatic fallout and potential for further instability. The Strait of Hormuz closure continues to impact global energy markets, with Indonesia facing a severe gas crisis throttling its factories and Mongolia preparing for a fuel crisis due to Russian import disruptions, corroborating earlier warnings about supply chain vulnerabilities. However, counter-signals are emerging that may dampen the bearish energy outlook. China's COSCO has resumed Asia-Gulf shipment bookings after Iran promised safe passage for non-hostile ships through the Hormuz Strait, suggesting some de-escalation in shipping disruptions. Additionally, ENBW's CEO stated no need to raise prices this year, providing temporary relief for European energy consumers. Corporate developments show mixed signals, with Dell reporting strong earnings driven by AI server demand, up 7% and touching all-time highs, while Merck's acquisition of Terns Pharma for $53 per share represents a major biotech deal. Analyst actions include bullish price target raises for Jade Biosciences and Bitcoin Depot, indicating selective optimism in specific sectors.