WS #3117

The data dump reveals escalating geopolitical tensions in the Middle East with immediate market-moving implications. Iran has rejected a US ceasefire proposal and is demanding sovereignty over the Strait of Hormuz, corroborated by multiple sources including Reuters and Iranian TV, with Shell CEO Wael Sawan warning Europe could face fuel shortages as early as April due to the strait's closure. This is driving oil prices down 2.48% to $90.06 and gas prices lower, but risks a supply shock that could reverse energy markets. Concurrently, a US jury found Meta and Google/YouTube liable for negligence in a social media addiction trial, awarding $3 million in damages with Meta assigned 70% and Google 30%, potentially leading to higher punitive damages and setting a precedent for thousands of claims, bearish for META and GOOGL. Additionally, Ukraine's President Zelenskiy announced efforts to secure long-term drone deals with Gulf states, which could impact defense and aerospace sectors. Market indices show mixed performance with global equities mostly higher but oil and gas declining, indicating volatility ahead.