The Iran Shock Drives Oil Prices Up by Almost 3% and Sends Wall Street and DAX Into the Red, While Fed Chair Warsh Raises the Probability of a Rate Hike to 57% – SLB Enters the AI Cooling Market and NVIDIA Solidifies Its AI Ecosystem - Chevron Becomes the Strategic Venezuelan Vehicle of the Trump Administration, Eli Lilly Targets Merida – Huawei Loses 36% of Earnings After the Memory Crunch and Sony’s PS5 Pro Benefits From the GTA VI Trailer

USA & MACRO-ENVIRONMENT An escalation of geopolitical risks dampens the start of the week The S&P 500 declines by -0.53%, the Nasdaq 100 drops -0.36%, as both stocks and bonds come under pressure. The trigger is renewed military escalation between the US and Iran – for the first time in about a month, there is again an exchange of fire: US forces target rocket launchers on Larak Island in the Strait of Hormuz, Tehran responds with attacks on US bases in Jordan; additionally, the United Arab Emirates reports a drone incident. ...