WS #5741

The data window is dominated by escalating energy crisis signals, with multiple corroborating sources highlighting the severity of the Strait of Hormuz blockade. Trump has ordered the US Navy to shoot and kill any boats laying mines in the Strait, and mine sweepers are clearing the area at a tripled level. Only five vessels transited Hormuz in the past 24 hours. Iran has started accepting cryptocurrency payments for safe passage. The IEA head warns of 13 million barrels per day lost, calling it the 'biggest energy security threat in history,' and flags potential European air travel rationing if jet fuel supply does not normalize before summer. This is reinforced by Bloomberg reporting on Hormuz tensions and a Dow executive expecting supply disruptions throughout 2026. The EU has formally approved a €90 billion loan for Ukraine and a 20th Russia sanctions package, with multiple sources confirming the move after Hungary's veto was lifted. On the corporate side, Super Micro Computer (SMCI) fell more than 10% premarket on reports it lost a 'significant' contract with Oracle. Hims & Hers (HIMS) rose 7% premarket after expanding access to FDA-approved GLP-1 drugs. Oklo (OKLO) rose 10% premarket on a partnership with Nvidia (NVDA). Comcast (CMCSA) beat Q1 expectations. NextEra Energy (NEE) beat profit estimates. The US reclassified marijuana from Schedule I to Schedule III, boosting pot stocks. The energy crisis narrative is escalating, with the IEA warning of potential air travel restrictions in Europe, which could impact airlines (DAL, UAL, AAL) and travel-related stocks. The EU loan for Ukraine and sanctions package are positive for Ukraine-related sentiment but do not directly move US markets. Overall, the signal is heavily tilted toward energy crisis escalation, with some positive corporate earnings providing a counterbalance.