Good afternoon and welcome to Markets Desk.
Iran is back in the oil market in a big way. Following the ceasefire and the end of the U.S. blockade, Tehran has pushed roughly forty million barrels through the Strait of Hormuz and is commanding a twenty percent price premium on those shipments. That is a significant supply injection, and traders are watching closely to see how quickly that volume pressures global crude benchmarks.
Turning to equities, the Magnificent Seven is having its roughest start to a year in recent memory. The cohort that carried the broader market on its back through two thousand twenty three and two thousand twenty four has stumbled badly, weighed down by valuation concerns, slowing revenue growth, and a rotation out of mega-cap tech. The debate on the desk right now is which of those seven names has the most defensible floor from here.
And on the political economy side, President Trump's annual financial disclosure is drawing considerable attention. The filing reveals he received two hundred thirty six point two five million dollars in net proceeds from token sales through World Liberty Financial. That is a sitting president disclosing nine-figure crypto earnings, and the implications for digital asset regulation are not small.
That's the tape. Markets Desk, signing off the floor.
