AMZN Amazon imposed a 3.5% fuel surcharge on third-party sellers today. The e-commerce giant cited Iran war driving shipping costs higher. UAL United Airlines hiked checked bag fees $10 as jet fuel prices climbed.
Oil giants showed early interest in Gulf deepwater field stakes per Reuters. SHEL Shell joined explorers evaluating positions as the industry scrambled for non-Hormuz supply. Gulf states considered new pipelines to bypass the strait despite massive construction costs.
FT reported the global wave of energy rationing accelerating. Bangladesh to Zambia imposed fuel demand cuts as Middle East conflict strangled flows. World's top energy traders got wrongfooted in early war days caught out by crisis scale.
Trump fired Attorney General Pam Bondi yesterday ending her brief tenure. The administration shake-up came as markets absorbed tariff announcements. Trump unveiled 100% tariffs on some patented drugs affecting PFE Pfizer and Bristol-Myers.
Asia-Pacific markets rose Thursday on Hormuz reopening hopes then plunged after Trump's Iran speech stoked escalation fears. The whipsaw demonstrated extreme sentiment fragility. South Korea's Kospi led rebound Friday as Trump suggested war could end in weeks.
HIMS Hims & Hers disclosed its customer support system was hacked per TechCrunch. The telehealth breach added cybersecurity concerns to war-driven chaos. COTY Coty faced securities class action amid surprise operating income deterioration and CEO departure.
India's central bank blocked non-deliverable derivatives making it harder to short the rupee. Chinese government bonds emerged as lone war haven with yields down marginally since conflict started.
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.
