Trump extends ceasefire, Intel's earnings exceed expectations, Tencent unveils new model.

Written by Michael A. Johnson, Lead Editor & Market Strategist

Key News Highlights

Trump Claims "Total Blockade" of Strait of Hormuz

Former President Donald Trump announced a "total blockade" of the Strait of Hormuz until Iran agrees to a deal. He ordered the sinking of any vessels laying mines in the strait.

Iran's Response

Iran reportedly activated its air defense systems in Tehran to intercept "hostile targets," denying any airstrikes. Following the news of the Iranian Speaker resigning from the negotiation team, U.S. stock markets saw an increase in losses, with the Nasdaq dropping over 1%.

Oil Prices Surge

In response to the developments in Tehran, oil prices hit a daily high, rising over 5%. Iranian media later reported that the activation of the air defense system was aimed at countering small drones.

About the author

Michael A. Johnson

Michael A. Johnson, Ph.D. in Economics from Harvard University, brings 20 years of expertise in market forecasting and trading strategies. As a former chief economist at Morgan Stanley, he oversees Intellectia’s Top News section, delivering data-driven perspectives on global economic shifts.