Oil reportedly rises alongside AI stocks; Trump claims U.S. control of Hormuz
A market commentary post warns that rising Treasury yields can make expensive growth harder to justify. Separately, another post relays Trump's claim that Iran wants a deal to reopen the Strait of Hormuz.
TLDR
A September 26 market commentary post says Wall Street closed higher as Microsoft and other AI stocks gained, while oil prices and U.S. Treasury yields also climbed. It argues that higher yields can make expensive growth harder to justify.
A September 27 post separately relays Trump's claims that Iran is seeking a deal to reopen the Strait of Hormuz and that the U.S. has “TOTAL control” of the waterway. It also quotes him as saying 29 ships passed through “last night.”
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