Keep pulling the thread on Donald Trump.
The Wall Street Journal reported that President Trump has instructed aides to prepare for an extended blockade of the Strait of Hormuz to restrict Iran's oil exports.
President Trump has stated that the United States will never allow Iran to obtain a nuclear weapon.
Iran offered to reopen the Strait of Hormuz in exchange for the U.S. lifting its naval blockade and postponing nuclear program negotiations, an offer President Trump rejected.
Goldman Sachs forecasts Brent crude oil prices will reach $90 per barrel by the fourth quarter.
The United Arab Emirates announced it is leaving OPEC and OPEC Plus effective this Friday.
Emirati officials have indicated they plan to boost oil production after the Strait of Hormuz reopens.
Alphabet, Microsoft, Meta Platforms, and Amazon are all scheduled to report earnings today after the market close.
According to Business Insider, Disney CEO Josh DeMauro has decided against spinning off the company's ESPN networks.
Bill Ackman's combined initial public offering for his closed-end fund, Pershing Square USA, and asset manager, Pershing Square, has raised $5 billion.
Elon Musk is suing Sam Altman, alleging he was deceived into investing in OpenAI under the premise it would be a non-profit.
OpenAI, which transitioned to a for-profit business last year, appears to be preparing for a large IPO later this year.
Elon Musk's lawsuit seeks to compel OpenAI to revert to its non-profit status and repay all profits to its charity.