S&P 500 ▼ 7,200.75 · Brent ▼ $113.20 · Gold ▼ $4,541.90 · VIX ▲ 18.3 · 10Y UST ▲ 4.45%
Iran extended its declared maritime control zone south to Fujairah on 4 May and struck the UAE’s principal oil hub with a drone that set the petroleum zone ablaze. Trump’s Project Freedom managed two US-flagged ship transits – requiring guided-missile destroyers, 100-p…