Welcome to Markets Desk, let's get you caught up on what's moving.
Iran's joint military command has reportedly closed the Strait of Hormuz again, citing ongoing Israeli operations in Lebanon. That's a critical pressure point — roughly twenty percent of global oil supply transits that waterway, and any sustained closure would send energy prices sharply higher and complicate already fragile nuclear diplomacy.
Staying with macro risk, Cuba announced sweeping economic reforms Thursday, including allowing private and foreign capital to buy and sell fuel, the creation of private corporate banking, and permitting private businesses to operate in agriculture and tourism. It's a significant structural shift for a command economy that has resisted market mechanisms for decades — one worth watching for regional trade implications.
And on the portfolio side, Berkshire Hathaway's equity book remains heavily concentrated in a single Magnificent Seven name, even after Buffett trimmed the position repeatedly since late twenty twenty three. That one holding still represents roughly twenty percent of a three hundred forty one billion dollar portfolio — a reminder that even the most disciplined capital allocators carry conviction bets that dwarf conventional diversification wisdom.
That's the tape. Markets Desk, signing off the floor.
