Hormuz Reopening Talks Advance as Iran Warns of Wider Response if Attacked

Global financial markets show signs of stabilization following a sharp tech-led sell-off, as investors weigh the sustainability of the artificial intelligence trade against potential economic resets. Geopolitical tensions in the Middle East remain a focal point, with diplomatic efforts to avert further US-Iran conflict influencing crude oil prices, which have retreated amid hopes for de-escalation. Meanwhile, the upcoming US midterm elections create uncertainty across asset classes, with analysts monitoring potential policy shifts and their impact on inflation and benchmark yields. Corporate developments include significant AI-related investments in the UAE and a high-profile halt to Opay’s New York IPO due to regulatory inquiries. Additionally, the cryptocurrency sector is navigating the aftermath of a major cyber theft at Binance, with market participants closely watching for signs of systemic contagion as liquidity flows stabilize.