S&P 500 ▲ 7,499.36 · Brent ▲ $73.26 · Gold ▼ $3,989.20 · VIX ▼ 16.5 · 10Y UST ▲ 4.42%
Brent crude has collapsed roughly 30 per cent this quarter, the steepest fall since early 2020, as shipping through Hormuz returns to pre-war levels. Morgan Stanley warns the market could tip into surplus by 2027 with only partial recovery in Gulf flows. But the 60-day …