WS #5655

The Iran-US conflict continues to escalate with Iran seizing two vessels with reported Israeli links, while oil transit via the Druzhba pipeline to Europe has resumed, providing some relief. The EU unveiled a plan to navigate the energy crisis caused by the Iran war, including a new Fuel Observatory. Tui cut its profit forecast due to €40m in costs from the Iran war, highlighting the travel sector's exposure. The UK inflation rose to 3.3% in March driven by fuel prices, dampening hopes for a BoE rate cut. Germany's Bundesbank sees mini-growth but warns of Iran war impact. The US SEC scrapped the $25,000 day trading barrier, boosting Robinhood and retail trading outlook. Adobe announced a $25 billion stock buyback. Taylor Morrison Home beat Q1 estimates. ASM International projected strong Q2 revenue on AI demand. The EU may unlock a €90 billion loan to Ukraine as Hungary signals potential veto lift on Druzhba pipeline restart. Polymarket odds for a US-Iran ceasefire by April 30 dropped to 13.5% from 32%.