You're listening to Markets Desk, and here is where things stand right now.
The geopolitical picture shifted sharply today as President Trump declared the U.S.-Iran ceasefire over, with American strikes on Iran preceding what officials described as a renewed threat to close the Strait of Hormuz. That waterway handles roughly a fifth of global oil supply, and energy markets are repricing risk in real time. Expect crude to remain volatile and defense names to attract attention through the session.
Staying with equities, Morgan Stanley is making a bullish case for Apple, arguing the iPhone eighteen lineup could carry a price tag roughly two hundred dollars higher than its predecessor. That kind of average selling price expansion flows directly into gross margin, and the street is watching whether consumers absorb the increase or push back. Apple shares have room to run if the thesis holds through the fall launch cycle.
Shifting to the grain pits, the wheat complex is catching a bid at midday, with Chicago soft red winter contracts up ten to twelve cents and Kansas City hard red winter matching that move. Soybeans, by contrast, are modestly lower, down one to three cents, with July futures expiring at the close today adding some technical pressure to the complex.
That's the tape. Markets Desk, signing off the floor.
