Good morning, you're tuned in to Markets Desk, where we're tracking the stories moving money right now.
Oil markets remain the dominant macro story this session, as the Strait of Hormuz deadlock shows no sign of breaking. Traders have been pricing in a resolution, but that optimism is thinning fast. With roughly a fifth of global seaborne oil transiting that corridor, a prolonged closure keeps a significant floor under crude prices, and energy inflation risks stay very much alive.
Shifting to earnings, P3 Health Partners swung to a second quarter profit and raised its full year two thousand twenty six guidance, sending shares higher. The Henderson, Nevada population health management company posted meaningful revenue growth, a notable turnaround from prior year losses. Raised guidance in healthcare services tends to carry weight given the sector's sensitivity to utilization trends and cost pressures.
Meanwhile in Seoul, NC Corp delivered a clean reversal, reporting net income in the second quarter after posting a loss in the same period last year. The South Korean video game publisher's return to profitability lifted its shares, reflecting either improving title performance or tighter cost discipline — likely both — and it signals some stabilization in a gaming sector that has faced headwinds across multiple markets this year.
That's the tape. Markets Desk, signing off the floor.
