Good afternoon and welcome to Markets Desk. Here is what is moving markets right now.
The dominant headline across every asset class today is the Iran-U.S. deal. President Trump announced that Washington and Tehran have reached an agreement to reopen the Strait of Hormuz and end the naval blockade of Iranian ports, with a formal signing set for Friday in Switzerland. Oil traders are repricing immediately, as the strait carries roughly a fifth of global seaborne crude, and the relief bid is already rippling through shipping, energy futures, and broader risk sentiment worldwide.
Staying with the macro picture, Social Security's fiscal clock is ticking louder. New projections show the trust fund could be depleted by two thousand thirty two, triggering an automatic twenty-two percent benefit cut. A Senate proposal to invest trust fund assets in equities has drawn sharp skepticism, with critics noting that equity exposure introduces the very volatility that retirement income is designed to avoid.
On the equity side, MercadoLibre is seeing selling pressure, but the story beneath the surface is more nuanced. The pullback reflects investor anxiety around loan book growth and reinvestment pace rather than any deterioration in underlying demand, which remains structurally robust across Latin America's e-commerce and fintech corridors.
That's the tape. Markets Desk, signing off the floor.
