U.S. President Donald Trump's assertion of complete U.S. control over the Strait of Hormuz has not alleviated market fears, as oil prices continue to climb. crude rose 2% to $82.80 per barrel, following a more than 5% increase the previous day, while Brent crude increased by 2.2% to $89.62.
The ongoing deadlock in negotiations between Tehran and Washington is contributing to this supply crunch, and analysts like Jefferies economist Modupe Adegbembo warn that market volatility could escalate if the situation remains unresolved.
In the technology sector, Nvidia is seeking to transform its AI chips into a new asset class, aiming to raise over $500 billion in capital through partnerships with prominent asset managers such as Blackstone and Goldman Sachs. This initiative will allow companies to finance data centers and Nvidia hardware without impacting their own balance sheets.
Additionally, Indian billionaire Gautam Adani had his bribery case dismissed in a U.S. court, which could positively affect the Adani Group's operations in various sectors of the Indian economy.
Meanwhile, Hollywood is making a push into the Chinese market, with films like 'Spider-Man: Brand New Day' and 'The Odyssey' performing well, indicating a potential recovery in international box office revenues