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Rising Tensions in the Gulf as Iran Threatens Oil Blockade

                                     An aerial view of the Iranian shores and Port of Bandar Abbas in the strait of Hormuz Iran has escalated regional tensions by declaring it will block all oil shipments from the Middle East if U.S. and Israeli attacks persist, prompting a stark warning from President Donald Trump of a far stronger American military response.  The Revolutionary Guards’ vow to halt “one litre of oil” from leaving the region has already rattled global markets, contributing to falling crude prices and surging equities as investors brace for potential disruption in the Strait of Hormuz—a vital chokepoint for global energy supplies. Trump responded by threatening unprecedented retaliation should Iran follow through, insisting the U.S. would strike “much harder” to ensure oil exports remain uninterrupted.  Despite the heated rhetoric, he expressed confid...
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US Stock Market Set to Open Higher After Blowout Jobs Report and Strong Tech Earnings

 

The US stock market is expected to open higher today after a blowout jobs report and strong earnings from tech giants Amazon and Meta. 

The economy added 353,000 jobs in January, almost double the 185,000 expected by economists. The unemployment rate remained unchanged at 3.7%. Amazon and Meta delivered strong earnings reports on Thursday, with Meta surging more than 17% in premarket trading and Amazon popping nearly 7%. Apple, however, fell as much as 2.5% before the market open, despite an earnings beat, due to warning signs about its China business.

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