Good afternoon and welcome to Markets Desk.
Oil markets are catching a bid lower today as traffic through the Strait of Hormuz shows signs of normalizing following earlier U.S.-Iran strikes. Commonwealth Bank of Australia flagged stronger oil flows through the strait, noting that the war premium baked into crude prices is beginning to unwind as supply route fears ease.
Shifting to the geopolitical front, Ukraine says preliminary evidence points to Russia deploying a North Korean KN-twenty-three ballistic missile in a fresh strike — the first such use in some time. The attack killed at least six members of the same family, including four children, underscoring how deeply Pyongyang's hardware remains embedded in Russia's offensive campaign.
On the technology and investment side, Amazon is committing one billion dollars to build out a new discipline inside AWS called Forward Deployed Engineering. The role places engineers directly inside client operations to tailor AI systems to specific workflows. Demand for the position has surged since early twenty twenty-five as enterprises scramble to operationalize artificial intelligence beyond the pilot stage.
That's the tape. Markets Desk, signing off the floor.
