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Bloomberg

Stocks Rise as Oil Sinks On Strait of Hormuz Hopes

A slide in oil prices lifted stocks and bonds on hopes that more tankers will be able to traverse the Strait of Hormuz, with signals that rich nations could release more stockpiles also helping sentiment. While traffic through Hormuz remains at a near-standstill amid the Iran war, US crude settled at $93.50 as a trickle of vessels started to find a way through the oil route. Racquel Oden, US Head of Wealth and Private Banking at HSBC joins to discuss how the markets may react to headlines in the short term, but over time they follow earnings, and the earnings outlook remains strong.

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Bloomberg

Iran Strikes Gulf Oil Hub as Allies Resist Trump Hormuz Plan

Iran struck new targets across the Persian Gulf, hitting a key United Arab Emirates oil hub as US allies balked at President Donald Trump's demands to help secure the Strait of Hormuz. Natasha Hall, associate fellow at Chatham House, said Trump has made conflicting statements about possible offramps to conclude the war with Iran, but the other outstanding question is what would come afterward.

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Bloomberg

Capital Needs Will Drive Startups to Go Public: Wellington's Witheiler

The IPO market will be slow until big names like SpaceX, OpenAI, and Databricks go public, says Matthew Witheiler, head of late-stage growth at Wellington Management. He discusses what will drive some of these high value startups to go public and what potential returns are still to be had, with Caroline Hyde and Ed Ludlow on "Bloomberg Tech."

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