HANG SENG AND TECH INDEXES BOTH TURN POSITIVE: GEELY +4%, CATL +3.8%

Kharg Island, just 15 miles off Iran’s coast, handles nearly 90% of Iran’s crude exports, mostly to China, making it pivotal for global energy markets. The facility, with storage for 30 million barrels and capacity to load up to 10 million barrels daily, has been operating steadily despite the Iran war. Any attack could sharply disrupt exports, push global oil prices higher, and trigger Iranian retaliation, while ongoing control of the Strait of Hormuz ensures crude still reaches international markets.

U.S. STOCK INDEX FUTURES TURN NEGATIVE S&P 500 E-MINI FUTURES DOWN 0.50%, NASDAQ 100 FUTURES DOWN 0.72%, DOW FUTURES DOWN 0.49%