Good evening, you're tuned in to Markets Desk.
Oil markets opened the week under pressure from geopolitical risk, with crude prices surging as fighting between U.S. and Iranian forces intensified over the weekend. Stock-index futures held largely flat, suggesting equity traders are watching carefully but not yet pricing in a broader escalation. The week's tech earnings slate may be doing some of the stabilizing work there.
Shifting to private markets, SpaceX is approaching a significant moment as its IPO lockup period begins expiring in August. The earnings-linked tranche could free up to nine hundred eleven point five million shares once the company reports its first earnings — a date not yet set. That volume of potential supply hitting the secondary market represents a genuine stress test for the stock's valuation.
And looking further out on the energy transition, a compelling case is being made for India as a future hub for sustainable aviation fuel. The combination of ultra-cheap solar power and agricultural waste feedstocks, paired with green hydrogen, could theoretically bring production costs below conventional jet fuel within a decade — a meaningful development for one of the world's fastest-growing aviation markets.
That's the tape. Markets Desk, signing off the floor.
