See the full story in the original article.
Read the original on union-bulletin.com ↗
Keywords
IranStrait of Hormuzgeopoliticsgold
Open a keyword to see other news on the same topic.
Related tickers and likely impact
PAXG/USDT
▲ Likely positivePAX Gold
Relevance: medium
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Real-world assets |
| Market cap | $1.8B |
| Close on 10/21/2026 | 4,128.04 |
| Change that session | +0.14% |
XAUT/USDT
▲ Likely positiveTether Gold
Relevance: medium
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Real-world assets |
| Market cap | $3.4B |
| Close on 10/21/2026 | 4,124.64 |
| Change that session | +0.20% |
XAU/USD
▲ Likely positiveRelevance: medium
| Market | Gold |
|---|---|
| Close on 10/21/2026 | 4,141.17 |
| Change that session | +0.39% |
SPY
▼ Likely negativeSPDR S&P 500 ETF
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/21/2026 | 773.13 |
| Change that session | +0.53% |
VNINDEX
▼ Likely negativeRelevance: low
| Market | Vietnam stocks |
|---|---|
| Close on 10/22/2026 | 1,760.63 |
| Change that session | +1.26% |
DXY
▲ Likely positiveRelevance: low
| Market | Currencies |
|---|---|
| Close on 10/21/2026 | 101.70 |
| Change that session | 0.00% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- World shares retreat as report of damage to oil takers pushes oil prices higher
World shares and U.S. futures fell on Thursday as oil prices rose more than 2% after Iran's state television reported that seven oil tankers caught fire and were damaged in the Strait of Hormuz. If verified, it would be the largest number of vessels damaged in the waterway in a single day since the Iran war began on Feb. 28. Brent crude rose 3.2% to $112.27 a barrel, having traded between $97 and $112 recently amid uncertainty about when the global energy industry will return to normal. Asian markets slid, with Japan's Nikkei 225 down 2.7% and South Korea's Kospi down 3.5%, hit by selling in big tech and memory chip makers, while Hong Kong's Hang Seng lost 3%. Germany's DAX and France's CAC 40 also fell in early European trading.
- US weighs fresh strikes on Iran ; Tehran warns of
The US and Israel have reportedly drawn up plans for renewed strikes on Iran after the midterm elections, targeting the country's energy infrastructure, nuclear facilities, and missile and drone arsenal, according to The New York Times. Both militaries have stepped up exercises, and US War Secretary Pete Hegseth met Israeli Prime Minister Benjamin Netanyahu this week to discuss the potential strikes. Iran has threatened to unveil a weapon it calls the “Father of All Bombs” but has not provided details. The report said Trump has considered using the 22,000-pound MOAB against the Pickaxe Mountain nuclear site, though he has not made a final decision, and Washington may be using the threat as leverage in talks over Iran's nuclear programme and the Strait of Hormuz.
- Trump says he won't use nuclear weapons or send ground troops to Iran
U.S. President Trump said in an interview with Newsmax that he does not intend to use nuclear weapons against Iran and does not foresee deploying ground troops. Asked about the MOAB bomb, the “Mother of All Bombs,” he said it is not nuclear but an extremely large conventional bomb. CNN reported that the U.S. military has drawn up new strike plans targeting Iranian energy infrastructure and nuclear sites, which could be carried out if Trump orders combat operations to resume before or after the midterm elections. Trump said on October 8 that he would not order a resumption of strikes before the November 3 midterms. In the Strait of Hormuz, the UK Maritime Trade Operations (UKMTO) said the threat remains “severe” after the Singapore-registered container ship GFS Pride was struck by a projectile, caught fire and sank, with eight attacks recorded since October 11.
- World shares retreat as report of damage to oil tankers pushes oil prices higher
Global shares and U.S. futures fell Thursday after Iran's state television reported that seven oil tankers caught fire and were damaged in the Strait of Hormuz, which would be the most vessels hit in the waterway in one day since the Iran war began on Feb. 28. Brent crude rose 3.2% to $112.27 per barrel, and U.S. benchmark crude gained 2.8% to $99.80. Tech and chip stocks led losses in Asia, with Japan's Nikkei 225 down 2.7%, South Korea's Kospi down 3.5%, and Hong Kong's Hang Seng down 3%, as worries grow that data center construction may slow amid pricier borrowing. In Europe, Germany's DAX fell 1.1% and S&P 500 futures lost 1%. On Wednesday, Wall Street rose on strong profit reports from SpaceX and Capital One Financial.
- World shares retreat as report of damage to oil tankers pushes oil prices higher
World shares and U.S. futures fell Thursday as oil rose more than 2% after Iran's state TV reported that seven oil tankers caught fire and were damaged in the Strait of Hormuz. If confirmed, it would be the most vessels damaged in the waterway in a single day since the Iran war began on Feb. 28. Brent crude gained 3.2% to $112.27 a barrel and U.S. crude rose 2.8% to $99.80. In Asia, Japan's Nikkei 225 lost 2.7%, South Korea's Kospi dropped 3.5% and Hong Kong's Hang Seng shed 3%, as heavy selling hit big tech and chipmakers amid worries that rising borrowing costs could slow data center construction. The previous day, the S&P 500 rose 0.6% after strong profit reports from SpaceX, while Netflix fell 5.3% despite beating profit expectations.
- Iran floating oil reserves in Asia run dry under US naval blockade , WSJ reports | Peak Oil News and Message Boards
The Wall Street Journal reports that Iran's floating crude stockpile on tankers off Malaysia and Singapore was fully depleted by mid-October under the US naval blockade, cutting off a key source of cash for Tehran. Ship-tracking analysts say reserves peaked near 90 million barrels, fell below 1 million barrels by October 5, and have since run out. US Central Command said the blockade has denied Iran at least $25 billion in oil revenue, and oil sales make up roughly 30% to 40% of government revenue. Non-Iranian Gulf supply flowing through the Strait of Hormuz is offsetting the lost barrels, so the depletion is not by itself a fresh supply shock. The bigger risk is escalation, as Tehran may have more incentive to use energy disruption as leverage.
Related markets
Latest news
- Optics Stocks Tumble as Tech Selloff Deepens Ahead of Earnings: Coherent Tumbles 12%, Applied Optoelectronics Drops 10%, Lumentum Falls 9%
Optical networking stocks that drove the AI data-center rally fell sharply as a broader tech selloff deepened ahead of earnings. Coherent (COHR) traded at $209.82, down 12%, Applied Optoelectronics (AAOI) fell 10% to $69.30, and Lumentum (LITE) dropped 9% to $770.53. The Roundhill Photonics & Optics ETF (LYTE) lost 10%, while the Invesco QQQ Trust (QQQ) fell only 2%, suggesting group-wide caution. The article notes these shares still sit higher for the year, and Lumentum's CEO said its data center optical components are sold out for years. Quarterly reports from the three companies arriving in coming weeks will show whether capacity can keep pace with demand.
- Does SpaceX’s $8 Billion Spectrum Deal Mean Verizon’s Q3 Earnings Don’t Really Matter?
Verizon reports third-quarter results on October 26, days after SpaceX announced a roughly $8 billion deal for nationwide 800 MHz spectrum, which the author says makes the report more important. Last quarter, Verizon beat with adjusted EPS of $1.30 against a $1.27 consensus, while revenue fell 0.7% to $34.25 billion as equipment revenue dropped nearly 20% on a deliberate pullback on subsidies. The core business improved, with 184,000 postpaid phone net adds, churn at 0.92%, and a record 40.1% adjusted EBITDA margin, and full-year adjusted EPS guidance was raised to $4.99 to $5.04. The author will watch whether service revenue growth nears 3% in Q3 and about 4% in Q4, and whether consumer postpaid phone churn of 84 basis points holds as SpaceX's service is expected to start in early 2028 after the deal closes in the first half of 2027.
- Altimeter’s Gerstner: Scale wins superintelligence race as SpaceX plans $400B compute buildout
Altimeter Capital CEO Brad Gerstner says whoever has the most scale, capital, compute and data will win the race to superintelligence, as SpaceX (NASDAQ:SPCX) closed at $159.31 on October 21, up 7.79%, after reporting third-quarter revenue of $14.60 billion. He says Elon Musk plans 10 GW of computing power next year, about 25% of U.S. capacity additions and roughly $400 billion of capital, with SpaceX now installing 200,000 GB300 chips a month. Gerstner sees a possible merger with Tesla (NASDAQ:TSLA) mainly as a way to finance that spending, and he argues that lenders value standard NVIDIA GPUs more easily than custom chips, giving NVIDIA pricing power when credit is tight. The article warns that SPCX shareholders bear spending, depreciation and execution risks at a $2.10 trillion market cap.
- Bloom Energy Sinks 9% as Pre-Earnings Rally Reverses; FuelCell Drops 6%, Plug Power Falls 3%
Bloom Energy (NYSE:BE) shares fell 9% to $218.09 in afternoon trading, giving back their October 21 gain as caution builds ahead of its third-quarter 2026 report. FuelCell Energy (NASDAQ:FCEL) dropped 6% to $12.36 and Plug Power (NASDAQ:PLUG) fell 3% to $1.37, with the Global X Hydrogen ETF (NASDAQ:HYDR) down 4% and SPDR S&P 500 ETF Trust (NYSEARCA:SPY) off 1%. The article links the size of each drop to how heavily each company depends on data center demand, since Bloom Energy sells fuel cell systems for on-site data center power while FuelCell builds utility-scale plants and Plug Power focuses on hydrogen for warehouse and industrial users. After a large run this year, Bloom Energy's expectations are elevated, and its report will show whether margins keep pace with data center demand.
- Could a Tesla-SpaceX merger really be the next big move for Elon Musk?
Two speakers discuss a possible Tesla-SpaceX merger and the outlook for Tesla stock. Speaker A argues that SpaceX, which he calls a vertically integrated AI company, would make a powerful combination, and says he will keep focusing on Tesla's Megapack business, which is sold out in utility-grade battery storage, as well as Optimus. He says he bought in at about $100 a share three years ago and sees volatility as a friend given his long-term perspective. Speaker B views Tesla's recent results as mixed to negative, with profit down over 40%, flat revenue, and better free cash flow mainly because capital spending was cut. He says Tesla is behind Waymo in autonomous driving (800 versus 8,000) and behind China in humanoid robots, and suggests a merger could be interesting and might benefit Tesla shareholders.
- Behind Vingroup's appeal: The lead bird driving Vietnam's stock market
Vingroup (VIC) shares rose more than 11% over two consecutive sessions, adding over 40 points to the VN-Index, while the Vingroup group (VIC, VHM, VPL, VRE) contributed 54 points, or 80% of the index's gain over those two sessions. On October 22 alone, foreign investors net bought VND 240 billion of VIC, the largest on the exchange, and VND 160 billion of VHM. This inflow follows FTSE Russell's upgrade of Vietnam to secondary emerging market status from September 21, with emerging-market ETFs potentially investing over USD 2 billion through September 2027, nearly USD 1 billion of which could go to VIC and VHM. The article also cites private-sector growth prospects, the government's goal of double-digit GDP growth for 2026–2030, and State Bank of Vietnam measures to lower lending and deposit rates as supportive factors for large conglomerates like Vingroup.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.