Keep pulling the thread on Oil Slips.
Following an exchange of fire between Israel and Iran on Monday, both sides have signaled they will refrain from further escalation.
Donald Trump's public statements and direct communication with Israeli Prime Minister Netanyahu were instrumental in halting the military escalation between Israel and Iran.
If the near-closure of the Strait of Hormuz continues into July and August, it will cause significant pain for customers needing to replace Middle Eastern oil supply.
The closure of the Strait of Hormuz has halted approximately one-fifth of the global LNG supply.
A potential worst-case scenario involves a global price war for spare LNG supply between Europe and Asia if China continues buying while Europe needs to restock its gas storage for winter.
The world's largest LNG plant in Ras Laffan suffered damage to 17% of its capacity from a missile strike, and repairs are expected to take 3 to 5 years.
Intel's stock surged 11% after a report from The Information stated that Google plans to use Intel for over 3 million specialized AI chips in 2028.
If major central banks like the Fed collectively raise interest rates or signal future hikes, it will lead to a tightening of financial conditions.
Korean semiconductor companies and other tech firms are signaling that supply constraints in the wider industry will not end in 2027, which could elongate the current supercycle.
An unspoken policy of the Trump administration is to drive capital into U.S. capital markets, sometimes at the expense of overseas markets, a trend expected to persist.
The Philadelphia Semiconductor Index increased by more than 5.5% following a sell-off on Friday.
South Korean chipmakers are currently leading a recovery in the KOSPI index.