Hormuz Is Closed, Gas Is $4 a Gallon, and the Market Is Rally-Brained Anyway
The US-Iran war is rattling energy markets, tech infrastructure, and every strategic playbook on Wall Street — here's how sentiment is actually playing out
Ticker Ratings
| Ticker | Rating | Entry Price | Current | $ Gain | % Gain |
|---|---|---|---|---|---|
| USO United States Oil Fund, LP | buy | $124.09 | — | — | — |
| INTC INTEL CORP | buy | $48.18 | — | — | — |
| WDC WESTERN DIGITAL CORP | buy | $299.03 | — | — | — |
| MU MICRON TECHNOLOGY INC | buy | $371.00 | — | — | — |
| STX Seagate Technology Holdings plc | buy | $423.61 | — | — | — |
| LUMN Lumen Technologies, Inc. | hold | $7.06 | — | — | — |
| COHR COHERENT CORP. | buy | $247.50 | — | — | — |
| NKE NIKE, Inc. | sell | $44.74 | — | — | — |
The Strait of Hormuz — responsible for roughly 20% of global oil supply — is currently closed, gas prices just hit a national average of $4.06/gallon (highest since August 2022), and Iran's Revolutionary Guard is threatening US tech giants by name. Meanwhile, the S&P 500 is up for a second straight day because President Trump hinted at a 2-3 week war conclusion timeline. The market's threat model is apparently 'vibes over fundamentals.'
Bloomberg Intelligence's coverage flags that core PCE has been trending higher since April last year, ISM prices paid are spiking, and elevated oil adds another layer of inflationary pressure that makes Fed rate cuts a fantasy. Janus Henderson raised cash citing 'tremendous uncertainty' — a rare moment of institutional honesty in a week full of hopium. $WTI briefly touched $99/barrel before pulling back 1.8% to close near that level as ceasefire chatter cooled crude's fever.
SpaceX quietly filed for an IPO targeting a $1.75 trillion valuation — because apparently war is just the backdrop for the biggest private market debut in history. If the Hormuz blockade drags into Q2, none of today's rally math survives contact with an earnings season priced for peace.