Stocks Tumble, Oil Jumps With No End In Sight For Iran Conflict

Dow dives 700 points as oil jumps, Iran says it will keep Strait of Hormuz shut (CNBC)

Traders No Longer Fully Price In a Fed Rate Cut This Year (Bloomberg)

Mortgage Rates Jump Most in 11 Months on Inflation Risk From Iran War (Bloomberg)

Fears of 1970s-style stagflation arise with oil spike to $100. How big a threat is it? (CNBC)

Blue Owl Tells Investors Its Loan Sale Had No Hidden Incentives (Bloomberg)

Amazon’s Win Against Perplexity Kicks AI Shopping Wars Into High Gear (WSJ)

SpaceX, OpenAI Potential Blockbuster IPOs Lure Investors Into Murky Deals (Bloomberg)

Tesla’s Grand Plan for the Future Is a Car With No Steering Wheel (WSJ)