Economy

1- A major acquisition strengthens Amazon’s push into the satellite internet market.
2- The network will continue supporting Apple services such as satellite-based emergency features.
3- Starlink’s dominance remains a key challenge with its far larger network.

1- Oil prices drop more than 4% amid signals of renewed U.S.-Iran talks.
2- Global stocks rise, with the S&P 500 nearing record highs.
3- Disruptions in Hormuz energy flows remain the key market driver.

1. The IMF has cut its global growth projections, sighting that the Iran war is driving up energy prices, disrupting markets and darkening the economic outlook. 2. The Monetary fund warns that a longer and more severe conflict could push global growth down to recession-like levels while lifting inflation sharply. 3. The UK has been singled out for the sharpest growth downgrade in the G7, with the US and other economies also facing weaker momentum as risks build.

1- The direct damage is approaching $435 million per day in lost exports and disrupted imports, or about $13 billion per month if the closure continues at the same pace.
2- Kharg handles most crude oil exports, while the Gulf carries the overwhelming majority of Iran’s maritime trade, with very limited alternatives outside the strait.
3- The bigger impact could begin in less than two weeks: once storage fills up, Tehran may be forced to shut wells, and with the toman already fragile and inflation already high, maritime pressure could turn into a deeper monetary and production shock.

1) Physical oil prices are surging to record levels despite calmer futures markets.
2) The war with Iran has disrupted more than 10% of global supply.
3) An unprecedented gap between spot and futures prices signals a broken market.

1- Abu Dhabi ties any real de-escalation between the United States and Iran to a halt in attacks and the immediate, unconditional reopening of the Strait of Hormuz.
2- The Wall Street Journal says shipping traffic remains at extremely weak levels, with hundreds of tankers still stranded amid restrictions, fees, and routes imposed by Iran.
3- The Emirati message has two sides: no legitimacy for turning the strait into a tool of coercion, and no acceptance of a new wartime shipping order run by Tehran through force.

1- Russia’s oil tax revenues jump to around $9 billion in April.
2- Surge driven by rising oil prices after attacks on Iran and disruption in the Strait of Hormuz.
3- Gains face pressure from budget deficit and Ukrainian strikes on infrastructure.

1- Oil prices plunge after a conditional ceasefire and reopening of the Strait of Hormuz.
2- Global stocks rally on cautious optimism despite fragile deal.
3- Energy sector damage may last months and cost billions.

The Iran ceasefire has caused oil and gas prices to fall sharply, while boosting global markets. Significant risks still remain, including disruptions to shipping in the Strait of Hormuz, damage to gas infrastructure, and possible inflationary pressure. The longer the ceasefire holds, the better the chances of reducing pressure on fuel bills, interest rates, and mortgage costs.