TOP 5 STOCKS TO WATCH AS IRAN WAR CONTINUES...
In a Nutshell
Markets are volatile amid US-Iran conflict over the Strait of Hormuz, with oil surging 5%+ and futures down as semiconductor stocks like SanDisk, Micron, and Intel lead declines. Trump is expected to tweet market reassurance before Monday's open, creating likely recovery bounces despite the geopolitical risk. Key levels to watch: NASDAQ at 720 support, oil direction for escalation signals, and whether semis break lower toward 5-15% further downside before potential entries.
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Markets are getting volatile following weekend escalations between the US and Iran. The session is taking place Sunday, July 12th at 6:05 p.m. Arizona time with NASDAQ overnight hours officially open. The speaker provides an update on developments in the Strait of Hormuz region where conflicting reports are emerging about whether the waterway remains open or closed.
The US Central Command stated the Strait of Hormuz is open to all vessels seeking to lawfully transit in international waters. However, a source from Iran's IRGC claims that in the past two hours, Iranian forces fired at several US vessels attempting to approach Iran's shore along with two rogue commercial vessels. The source states the Strait of Hormuz is now completely closed off to all routes and will not reopen in the medium term, with attacks expected to expand and conflict to deepen.
US media and official sources maintain the strait remains open but is being guided by US vessels. The speaker interprets this as the US attempting to maintain flow of oil with force to prevent oil prices from rising too high and creating further market shock.
The speaker addresses speculation from earlier videos about a potential attack that supposedly killed three American service members. After investigation, there are zero reports of US service member deaths or injuries in the region, and all personnel are accounted for. The speaker wanted to clarify this point because it would represent a very serious escalation.
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