Futures Flat As Tech Slides After Memory Stocks, Korea Tumble US futures are mixed with S&P futures modestly higher offset by a slide in tech: as of 8:00am ET, S&P futures are up 0.1% while Nasdaq futures drop 0.5%, hit by a plunge in Sandisk (down 9% in pre-market), and rival Western Digital which tumbled 15%, after…
Futures Flat As Tech Slides After Memory Stocks, Korea Tumble US futures are mixed with S&P futures modestly higher offset by a slide in tech: as of 8:00am ET, S&P futures are up 0.1% while Nasdaq futures drop 0.5%, hit by a plunge in Sandisk (down 9% in pre-market),…
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Iran's Revolutionary Guards stated that three oil tankers caught fire on Sunday in the Strait of Hormuz. The statement noted that Iran regularly targets ships transiting without its authorization. Since late February, Tehran has restricted traffic through the waterway, requiring vessels to use routes authorized by the Islamic Republic.
Saudi Arabia reported intercepting Houthi missiles targeting Riyadh and the Eastern province. Concurrently, the Houthis reported that 33 people were killed in a coalition air attack on a village near Sanaa.
Reuters reports that the Saudi-led coalition intercepted and destroyed two missiles near Riyadh. The agency stated that the missiles were launched by the Houthis, a Yemeni rebel movement identified as Ansar Allah.
US Central Command reported that US forces disabled a St. Kitts-flagged commercial vessel in the Gulf of Oman after it ignored warnings and attempted to leave the region following a visit to an Iranian port. The command stated that US forces have been enforcing a naval blockade on Iran in and around the Strait of Hormuz for months.
The last confirmed US strike on a cargo vessel occurred nearly a month ago in the Gulf of Oman.