S&P 500 — US Large Cap Index
FTSE 100 — UK Blue Chips
Euro Stoxx 50 — Eurozone Leaders
DAX 40 — German Equities
CAC 40 — French Market Index
Nikkei 225 — Japan Benchmark
Hang Seng — Hong Kong Index
Shanghai Composite — China Mainland
ASX 200 — Australian Market
TSX Composite — Canada Index
Nifty 50 — India Large Cap
STI Index — Singapore Market
KOSPI — South Korea Index
Bovespa — Brazil Equities
JSE Top 40 — South Africa Index
IPC Index — Mexico MarketHeating oil hovered around $4.20 per gallon, on track for its largest monthly gain on record of more than 40%, tracking crude prices as roughly 20% of global oil flows remain disrupted. The supply shock stems from the near-total closure of the Strait of Hormuz, while renewed Houthi threats in the Red Sea raise the risk of disruptions along another key chokepoint.
Together, these factors could further constrain Middle Eastern energy flows, with two of the world’s main trade and supply corridors at risk. Throughout the month, reports of potential talks also surfaced, including recent indications that President Trump is now willing to end the military campaign in Iran even if the Strait remains largely closed, potentially increasing Tehran’s leverage over the key maritime route. However, markets remained skeptical, as this shift followed earlier threats to strike Iran’s electricity plants, oil facilities, and desalination infrastructure if the passageway is not reopened.
