Crude spikes after Iran threatens Hormuz closure but pares gains following Trump’s reassurances, while short seller Andrew Left faces legal fallout.
Oil prices surged overnight after Iran threatened to close the Strait of Hormuz and halted talks, driving market volatility. The spike eased after President Donald Trump downplayed geopolitical risks, calming investor concerns.
Stock index futures showed little change Tuesday, following Wall Street’s record high on Monday. The mixed sentiment reflects balancing acts between geopolitical tensions and reassurances from U.S. leadership.
Separately, activist short seller Andrew Left was found guilty of fraud, underscoring heightened legal scrutiny for investors publishing critical reports on public companies. The verdict may influence market behavior among short sellers.