Iran inflicted extensive damage on Qatar's LNG facility overnight. Tehran hit the world's largest liquefied natural gas plant in retaliation for Israeli strikes on its South Pars gasfield. The attack escalated a 19-day war threatening global energy supplies.
Oil in Oman soared above $150 as buyers scrambled to replace Gulf barrels. The Strait of Hormuz closure created massive dislocation between benchmark prices and physical supply costs. FT analysts warned Tehran's ability to disrupt flows has room to run.
Economists flagged the oil surge will hurt US growth and fuel inflation. Jobless claims fell to 205,000 showing labor market resilience yet energy chaos threatened the recovery. European stocks tumbled 2% as miners led losses on escalation fears.
Swiss National Bank kept rates at zero today. The franc fell as the central bank maintained policy despite regional turmoil. Gold rose off one-month lows on softer dollar yet hawkish Fed commentary capped gains.
GOOGL Google launched AI prescription tools across Europe. The tech giant expanded healthcare features to simplify symptom checks showing aggressive regional expansion. TTE TotalEnergies opened France's first advanced plastic recycling plant.
CEG Constellation Energy and FDX FedEx dominated watchlists ahead of earnings. PLD Prologis formed a $1.6B joint venture with GIC to develop US logistics facilities. BTSG BrightSpring Health grabbed a reiterated buy from BTIG at $55 target.
Banks prepared to offload $18B in EA take-private debt testing junk bond markets. Swarmer defense drone maker surged 500% in its Wall Street debut hitting $380M market cap. Capital markets showed selective risk appetite amid geopolitical chaos.
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