Iran struck Qatar's LNG facility overnight causing extensive damage. Tehran targeted Gulf energy plants after Israel hit Iran's South Pars gasfield. The attack marked a dangerous expansion as the war entered its third week.
Oman crude soared above $150 as buyers scrambled to replace Gulf barrels. The Strait of Hormuz closure created massive dislocation between global benchmarks and physical supply costs. FT warned Iran's ability to prolong disruption "has a way to go" fueling recession fears.
Oil price surge will hurt US growth and fuel inflation per economist surveys. The energy shock hit as central banks held rates steady navigating dual threats of slowing growth and persistent pricing pressure.
FDX FedEx topped Q3 estimates tonight as freight spin-off plans stayed on track. The $72B logistics giant navigated energy volatility posting solid results. Shares gained after hours on execution confidence.
UAMY US Antimony stock surged after Q4 revenue crushed forecasts. The $221M rare earths miner benefited from defense metal shortage fears. Reuters reported US and Japan will focus rare earths cooperation on select minerals as supply chain concerns intensified.
ASMB Assembly Biosciences delivered stunning Q4 results. The biotech posted $1.30 EPS versus $(0.65) estimates while sales hit $42.5M crushing $7.4M forecasts.
Banks prepared to offload $18B in debt tied to the EA take-private deal. The junk bond offering will test investor appetite at peak market stress. SATL Satellogic filed to offer $200M in stock. HUMA Humacyte registered 25M shares showing biotech capital needs persist despite volatility.
European stocks closed lower as mining names led losses. Asia-Pacific markets tumbled on prolonged war fears. Gold rose off one-month lows as haven demand battled hawkish Fed positioning.
ORTEX Market Intelligence content is generated by AI from a snapshot of ORTEX's proprietary data. Content is informational only and does not constitute investment advice.
