Geopolitical tensions threaten global oil markets as Iran proposes permanent Strait of Hormuz blockade. VP Vance leads U.S. delegation to Pakistan for talks following Tehran explosions. The waterway carries 20 percent of world oil, making any disruption a critical risk for energy prices and global supply chains. Meanwhile, corporate earnings disappoint across sectors. Porsche deliveries plunged 15 percent in Q1, with China down 21 percent and North America sliding 11 percent amid luxury market cooling. Sodexo crashed 17.1 percent after slashing annual guidance due to weak first-half earnings. Japan approved cryptocurrency as a financial asset, shifting regulation to stricter standards. Swiss consumer confidence collapsed to minus 42.9, far below expectations, signaling economic headwinds ahead.
Post from MarketNews_en
Log in to interact with content.