Good morning, you're listening to Markets Desk, and here's what's moving the tape right now.
The Pentagon confirmed Central Command struck a commercial tanker in the Gulf of Oman after the vessel attempted to breach America's naval blockade of Iranian ports. It marks the first such strike in roughly a month and signals the administration is prepared to use hard military power to enforce its maritime containment strategy, with immediate implications for oil shipping routes and energy risk premiums.
Turning to tech and power, Alphabet has inked a multi-billion dollar, multi-year deal with Constellation Energy to secure clean power capacity for its data center operations. This is exactly the kind of long-term offtake agreement the nuclear renaissance crowd has been pointing to, and it validates Constellation's positioning as a premium supplier to hyperscalers hungry for around-the-clock carbon-free generation.
And staying with Alphabet's ecosystem, its autonomous vehicle unit Waymo has secured its first-ever debt financing, a five billion dollar loan facility aimed at funding domestic and international expansion. The move is significant because Waymo is transitioning from a subsidized moonshot inside a parent company into a capital-market-facing enterprise that can stand on its own credit story.
That's the tape. Markets Desk, signing off the floor.
