Trump administration escalates Middle East strategy while signaling broader geopolitical ambitions. The president is rallying international support to secure the Strait of Hormuz as oil prices remain elevated, with West Texas Intermediate crude trading near ninety-five dollars per barrel. Treasury Secretary Scott Bessent confirmed the U.S. is permitting Iranian oil tankers through the strait to maintain global supply. Meanwhile, escalating tensions with Iran, including missile and drone strikes on Dubai, have prompted the UAE to temporarily close airspace. On a separate front, Trump indicated intentions toward Cuba, creating additional market uncertainty. In technology news, Nvidia delivered bullish guidance with CEO Jensen Huang projecting purchase orders for Blackwell and Vera Rubin AI systems could reach one trillion dollars through 2027, doubling prior estimates.
