Will Oil Stay Contained Even if the Strait of Hormuz Is Threatened?
Crude briefly spiked Sunday night but fell more than 1% Monday as traders weighed President Trump’s comments urging low oil prices. WTI settled at $74.48, up 0.87%, while Brent gained 0.70% to $77.55. Natural gas and refined products saw marginal increases.
Though Tehran’s parliament supported a resolution to close the Strait of Hormuz, the move requires further approval and is not yet operational. Traders remained cautious but not alarmed, with analysts suggesting that ample global supplies and Iran’s limited support base could cap oil’s upside.
Where Are Traders Seeing Opportunity in Tech and Crypto?
Tech stocks remained firm, with cybersecurity plays emerging as a short-term hedge. Ives highlighted names like Palo Alto, CrowdStrike, Zscaler, and CyberArk as potential winners if Iran resorts to cyber retaliation.
AI and cloud leaders—Nvidia, Microsoft, Amazon, and Palantir—were also flagged for potential buying opportunities. Meanwhile, digital assets rallied sharply: