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GameStop Corp. engages in offering games and entertainment products through its ecommerce properties and stores. The firm’s stores and ecommerce sites operate primarily under the names GameStop, EB Games, and Micromania. It operates through the following geographical segments: United States, Canada, Australia, and Europe. The company was founded by Daniel A. DeMatteo in 1996 and is headquartered in Grapevine, TX.

Gamestop Corporation - Ordinary Shares - Class A

GameStop Corp

GameStop is trending following a report that the company is preparing a potential takeover offer for eBay, fueling community speculation about a massive strategic shift and a possible short squeeze. While bulls are energized by the prospect of a high-stakes merger and potential gamma ramp, some investors remain skeptical about the financing feasibility and long-term viability of the deal.

SoundHound AI, Inc. engages in the development, owning, and commercialization of voice, sound, and natural language artificial intelligence technologies and related activities. The company was founded on September 2, 2005 and is headquartered in Santa Clara, CA.

SoundHound AI Inc - Ordinary Shares - Class A

SoundHound AI Inc

SoundHound AI is experiencing a significant surge in momentum as speculative traders position for a potential short squeeze ahead of its upcoming earnings report. With a high percentage of the float sold short and limited share availability, the community is actively rallying behind the stock, focusing on the potential for forced short covering and long-term growth in the AI sector.

eBay, Inc. is a commerce company, whose platforms include an online marketplace and its localized counterparts, including off-platform businesses in South Korea, Japan, and Turkey, as well as eBay’s suite of mobile apps. It offers a platform for various product categories, including parts and accessories, collectibles, fashion, electronics, and home & garden. eBay generates revenue mainly through fees from sales, payment processing, and advertising. The company was founded by Pierre Morad Omidyar in September 1995 and is headquartered in San Jose, CA.

EBay Inc.

eBay Inc

eBay is trending following a Wall Street Journal report that GameStop is building a stake and weighing a potential acquisition of the e-commerce giant. While investors are debating the ambitious math behind a merger between the two companies, the community is actively discussing the feasibility of such a deal, potential deal structures, and whether this represents a long-term strategic pivot or an engineered short-term pump.

Lionsgate Studios Corp. operates as a standalone, pure-play content company focused on creating, producing, and distributing premium entertainment across multiple formats and platforms. It operates through the following segments: Motion Picture and Television Production. The Motion Picture segment includes the development and production of feature films, acquisition of North American and worldwide distribution rights, North American theatrical, home entertainment, and television distribution of produced and acquired films, as well as the worldwide licensing of distribution rights. The Television Production segment covers the development, production, and worldwide distribution of television content, including series, television movies, mini-series, and non-fiction programming. The company was founded on January 13, 2025 and is headquartered in Vancouver, Canada.

Lionsgate Studios Corp. - Ordinary Shares - New

Lionsgate Studios Corp.

Lionsgate Studios is currently trending as a high-conviction buyout candidate, with investors actively discussing potential interest from major players like Netflix, Amazon, or Sony following the company's recent strategic spin-off. The community is heavily focused on the studio's strong IP library and the blockbuster box office potential of the Michael Jackson biopic as key catalysts that could drive a premium acquisition.

Tonix Pharmaceuticals Holding Corp. is a clinical-stage biopharmaceutical company, which focuses on the discovery, acquisition, and development of small molecules and biologics to treat and prevent human disease and alleviate suffering. Its portfolio includes TNX-102 SL, TNX-601, TNX-801, and TNX-1800. The company was founded by Seth Lederman and Donald W. Landry on November 16, 2007 and is headquartered in Berkeley Heights, NJ.

Tonix Pharmaceuticals Holding Corp

Tonix Pharmaceuticals is attracting intense investor attention following positive pharmacokinetic data and emerging coverage for its flagship fibromyalgia treatment, Tonmya. Community discourse remains deeply divided between long-term bulls highlighting potential market expansion and vocal bears concerned about historical dilution, recurring reverse split proposals, and ongoing cash burn.

McDonald's Corp. engages in the operation and franchising of restaurants. It operates through the following segments: U.S., International Operated Markets, and International Developmental Licensed Markets and Corporate. The U.S. segment focuses its operations on the United States. The International Operated Markets segment consists of operations and the franchising of restaurants in Australia, Canada, France, Germany, Italy, the Netherlands, Russia, Spain, and the U.K. The International Developmental Licensed Markets and Corporate segment consists of developmental licensee and affiliate markets in the McDonald’s system. The firm's products include Big Mac, Quarter Pounder with Cheese, Filet-O-Fish, several chicken sandwiches, Chicken McNuggets, wraps, McDonald's Fries, salads, oatmeal, shakes, McFlurry desserts, sundaes, soft serve cones, pies, soft drinks, coffee, McCafe beverages, and other beverages. The company was founded by Raymond Albert Kroc on April 15, 1955, and is headquartered in Oak Brook, IL.

McDonald`s Corp

McDonald's Corp

McDonald's is drawing significant investor attention due to the upcoming launch of a new under $3 value menu and $4 breakfast deals, a strategic pivot aimed at reclaiming market share among budget-conscious consumers. While the community is actively debating the effectiveness of these pricing initiatives against rising operational costs and intense competition, the stock's defensive appeal continues to attract interest as a potential safe-haven asset in a volatile market.

Advanced Biomed, Inc. operates as a holding company with interests in developing biochip technologies. It engages in the research & development of microfluidic biochip technologies and provides tumor diagnosis and treatment technology applications. The company was founded by Yi Lu and Steven I-Fang Cheng in 2014 and is headquartered in Tainan, Taiwan.

Advanced Biomed Inc

Advanced Biomed is trending due to speculative momentum surrounding its low-float profile and recent clinical developments in precision medicine, with the community actively debating whether the stock is primed for a parabolic short squeeze or is simply a pump-and-dump scheme. Market participants are closely watching for potential breakout patterns as retail traders highlight low share supply as a catalyst for outsized price volatility.

BrokeCoin is a meme-meets-utility cryptocurrency project operating under the ethos of Transparency, Community, and Respect. Formally registered as an LLC in Wyoming, USA, BrokeCoin is building an expansive ecosystem that combines light-hearted spirit of meme culture with real-world crypto utilities—spanning gaming, staking, NFTs, web services, and an e-commerce platform. Brokecoin believes in developing useful and interesting meme-inspired utilities to both service the crypto industry, and generate value for holders.

Brokecoin

Brokecoin is trending as community members focus on long-term accumulation and project utility, highlighting recent educational initiatives on their platform alongside bullish sentiment regarding future product developments. The community is actively rallying around the 'Wagmi' mindset, emphasizing project longevity and resilience as key drivers for potential recovery.

$RARI is an ERC-20 token that controls the RARI Foundation treasury and governs the Rarible protocol and RARI Chain. The token was issued in 2020 with a max. supply of 25 million $RARI.

Rarible

Rarible is trending as the community highlights its ultra-low circulating supply and zero future dilution as key catalysts for potential price appreciation. Investors are actively discussing the possibility of a significant breakout should volume return to the asset, drawing parallels to its historical highs and comparing its tokenomics to larger cryptocurrencies.

Akanda Corp. is a cannabis cultivation, manufacturing, and distribution company, which engages in the provision of premium quality and ethically sourced medical cannabis products to patients. The company cultivates and processes natural cannabis at facilities in the Kingdom of Lesotho, Africa and intend to supply medicinal-grade cannabis biomass, cannabis flower, and cannabis concentrates to wholesalers. It also imports and sells medical cannabis-based products. The company was founded on July 16, 2021 and is headquartered in New Romney, the United Kingdom.

Akanda Corp

Akanda Corp is experiencing extreme volatility and heavy retail attention as traders speculate on a potential short squeeze, despite significant skepticism regarding the stock's fundamentals and long-term sustainability. Community discourse is polarized, with many bulls looking for continued upward momentum and short-squeeze mechanics, while others caution against a possible rug pull as they monitor price action and short interest.

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<ul class="summary-bullets"><li>President Trump expressed doubts about Iran being able to arrive at a deal, stating that there is a great amount of discord among their leaders.</li><li>He stated that there are probably three to four groups among the Iranian leadership, while adding that they may never come around to a negotiated settlement to the war.</li><li>Trump also dismissed the 60-day war powers deadline as unconstitutional, adding that it has never been used before.</li></ul>President Donald Trump on Friday reportedly warned that Iran has an option to either strike a deal with the U.S. or face a major military escalation.According to a CNN&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://www.cnn.com/2026/05/01/world/live-news/iran-war-news?post-id=cmon513no00093b6umqzwex14">report</a>, President Trump told reporters at the White House that he was not satisfied with a new offer from Iran to end the war.“There are options. Do we want to go and just blast the hell out of them and finish them forever? Or do we want to try and make a deal. That’s the options,” he said.He also confirmed that he had received a briefing from the U.S. Central Command on Thursday regarding the military options currently available.<h2 class="st-heading-2">Trump Says There Is Discord Among Iranian Leaders</h2>President Trump expressed doubts about Iran being able to arrive at a deal, stating that there is a great amount of discord among their leaders.“They’ve made strides, but I’m not sure if they ever get there,” he said, adding that while Iran wants to make a deal, he is not satisfied with it.Trump stated that there are probably three to four groups among the Iranian leadership, while adding that they may never come around to a negotiated settlement to the war.&nbsp;He also shot down concerns of Iran building a nuclear bomb.“If they were ever allowed to have a nuclear weapon, you would have problems the likes of which the world has never seen before, and it’s not going to happen,” he said.Trump also dismissed the 60-day war powers deadline as unconstitutional, adding that it has never been used before.<h2 class="st-heading-2">Iran Delivers New Proposal To US</h2>Meanwhile, Iran delivered a new proposal to the U.S. via Pakistan on Friday, according to a&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://en.irna.ir/news/86142591/Exclusive-Iran-submits-new-proposal-to-Pakistani-mediator">report</a> by the country’s state-run news agency, IRNA.The agency also added that Foreign Ministry spokesperson Esmaeil Baqaei reiterated that ending the ongoing war and establishing peace remain Iran’s main objectives in its negotiations with the U.S.Baqaei also stated in a&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://x.com/IRIMFA_SPOX/status/2050084331087876124">post</a> on X on Friday that the U.S. attacks on Iran were not an act of self-defense, but aggression.“'Self-defense' against what? Was there any 'armed attack' by Iran to justify 'self defense'? Definitely not!” he said.<figure class="image"><img src="https://news.stocktwits-cdn.com/Baqaei_post_jpg_7f42618dc8.webp" alt="Esmaeil Baqaei's post on X" width="588" height="187"><figcaption>Esmaeil Baqaei's post on X | @IRIMFA_SPOX/X</figcaption></figure><h2 class="st-heading-2">Crude Oil Prices Edge Lower</h2>Meanwhile, crude oil prices edged lower on Friday. U.S. West Texas Intermediate (WTI) crude futures expiring in June were down nearly 3%, hovering around $102 a barrel. Brent crude futures expiring in June fell 2% to hover around $108 a barrel.The&nbsp;<a href="https://stocktwits.com/symbol/USO">United States Oil Fund ETF</a> (USO) and the&nbsp;<a href="https://stocktwits.com/symbol/UCO">ProShares Ultra Bloomberg Crude Oil ETF</a> (UCO) were down 3%.Meanwhile, U.S. equities were mixed in Friday’s midday trade. At the time of writing, the&nbsp;<a href="https://stocktwits.com/symbol/SPY">SPDR S&amp;P 500 ETF</a> (SPY), which tracks the S&amp;P 500 index, was up 0.57%; the&nbsp;<a href="https://stocktwits.com/symbol/QQQ">Invesco QQQ Trust ETF</a> (QQQ) rose 1.1%; and the&nbsp;<a href="https://stocktwits.com/symbol/DIA">SPDR Dow Jones Industrial Average ETF Trust</a> (DIA) edged lower by 0.06%. Retail sentiment on Stocktwits regarding the S&amp;P 500 ETF was in the ‘bullish’ territory.Also See:&nbsp;<a href="https://stocktwits.com/news-articles/markets/equity/nasdaq-composite-best-month-6-years-big-tech-surge-fuels-rally/cZQVQ3nReek">Nasdaq Composite Posts Best Month In 6 Years As AI Boom Powers Tech Surge — Alphabet, Intel Stocks Power The Super Rally</a>For updates and corrections, email newsroom[at]stocktwits[dot]com.

U.S. President Donald Trump makes an announcement on Saturday, April 18, 2026 in the Oval Office at the White House in Washington, D.C. (Photo by Allison Robbert/For The Washington Post via Getty Images)

Trump Warns Iran's Options Are Either Make A Deal Or Face A Major Military Escalation

According to a CNN report, President Trump told reporters at the White House that he was not satisfied with a new offer from Iran to end the war.

Equity

<ul class="summary-bullets"><li>In comparison, the United States Oil Fund has gained 113%, and ProShares Ultra Bloomberg Crude Oil has risen 147% this year.</li><li>Sky Quarry owns the sole oil refinery in Nevada, Foreland Refining Corp., which serves the regional energy market with a daily production capacity of 4,500 to 5,000 barrels.&nbsp;</li><li>The company has also recently sought to accelerate the development and commercialization of its PR Spring oil sands project in Utah, which is expected to add about 2,000 barrels per day of capacity.</li></ul>Sky Quarry Inc. (SKYQ), a Utah-based energy company, has seen its shares more than triple in value this year, benefiting from the conflict in the Middle East and tensions in the Strait of Hormuz that have not only boosted crude oil prices but also bolstered demand for domestic energy producers.<a href="https://stocktwits.com/symbol/skyq">SKYQ stock</a> has rallied more than 232% this year alone, far surpassing the gains of the <a href="https://stocktwits.com/symbol/UsO">United States Oil Fund</a> (USO) and <a href="https://stocktwits.com/symbol/UCO">ProShares Ultra Bloomberg Crude Oil </a>(UCO) energy exchange-traded funds.USO has climbed about 113% since the start of the year, while UCO has gained about 147%. Meanwhile, the <a href="https://stocktwits.com/symbol/xle">Energy Select Sector SPDR Fund</a> (XLE) has gained about 34% in 2026.<figure class="image"><img src="https://news.stocktwits-cdn.com/koyfin_20260501_120149893_png_7dffb0da2c.webp" alt="koyfin_20260501_120149893.png" width="1600" height="1000"></figure><h2 class="st-heading-2">What Is Sky Quarry?</h2>Sky Quarry is essentially an energy solutions company, primarily using technologies to recycle waste asphalt shingles into sustainable oil and materials, targeting waste dumped in landfills.However, the company also owns the sole oil refinery in Nevada. Sky Quarry acquired Foreland Refining Corp. in 2022, which operates the Eagle Springs refinery, which processes crude oil into products such as diesel, naphtha, vacuum gas oil, and asphalt. The facility serves the regional energy market and supports Nevada’s mining industry, with a daily production capacity of 4,500 to 5,000 barrels.Higher oil prices, driven by the ongoing war in Iran and the subsequent blockage of the Strait of Hormuz, have greatly benefited the company. At the time of writing, Brent crude oil prices are trading above $111 per barrel.<h2 class="st-heading-2">Sky Quarry Looks To Increase Production</h2>Sky Quarry, which has a market capitalization of about $22.4 million, has also recently sought partners via Request for Proposals (RFPs) to accelerate the development and commercialization of its PR Spring oil sands project in Utah.The fully permitted facility, spread across about 5,900 acres, is about an 180-million-barrel resource that already has over $50 million in investments. The site has prior feasibility backing and is expected to support about 1.5 million tons per year of processing capacity and about 2,000 barrels per day of heavy oil production.<h2 class="st-heading-2">Retail Stance On SKYQ</h2>On Stocktwits, retail sentiment around SKYQ stock has dipped from ‘bullish’ to ‘neutral’ territory over the past 24 hours amid ‘low’ message volumes.One bullish user recommended holding “tight” onto the stock.<stembedurl>https://stocktwits.com/Billionaire23/message/651957260</stembedurl>Another user said, “Realistically, this current market cap is laughable , this is only oil refinery company in whole of Nevada and with crude being over $100 this is real laughable. i dont see any real indication that oil will go down soon so this should get repriced very soon.”<stembedurl>https://stocktwits.com/modrica3/message/651953350</stembedurl>For updates and corrections, email newsroom[at]stocktwits[dot]com.

Over the past year, BATL surged 253%, EONR climbed 111%, and USO advanced 105%. (Photo credit: Getty Images)

How A Little-Known Utah Energy Stock Is Crushing Every Big Oil ETF This Year

Sky Quarry has soared more than 232% in 2026, fueled by surging oil prices due to the war in Iran. 

Small-Cap SKYQ Stock Is Crushing USO, UCO, XLE: What Investors Need To Know 

<ul class="summary-bullets"><li>The Iranian Supreme Leader also stated in the letter that the country will guard its nuclear and missile capabilities.</li><li>He added that Iranians consider their nuclear and missile capabilities as their national capital, and touted that they will guard them like water, land, and air borders.</li><li>Iranian President Masoud Pezeshkian on Thursday stated that any attempts to blockade the country’s ports are doomed to fail.</li></ul>Iran’s Supreme Leader, Mojtaba Khamenei, reportedly said in a statement on Thursday that the Persian Gulf will see a “future without America.”Khamenei’s statement was posted in commemoration of the National Persian Gulf Day that celebrates the expulsion of Portuguese forces from the Strait of Hormuz in 1622.“Today, two months after the world’s biggest campaign and aggression in the region and America’s shameful failure in its own plan, a new chapter is emerging in the Persian Gulf and the Strait of Hormuz,” Khamenei said, according to a&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://aje.news/txlhaf?update=4534511">report</a> by Al Jazeera.This also comes amid President Donald Trump’s plans to extend the blockade of Iranian ports until the country gives up its nuclear ambitions. “The blockade is somewhat more effective than the bombing. They are choking like a stuffed pig. And it is going to be worse for them. They can’t have a nuclear weapon,” Trump&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://www.axios.com/2026/04/29/trump-iran-nuclear-deal-blockade">told</a> Axios in an interview on Wednesday.<h2 class="st-heading-2">Khamenei Says Iran Will Guard Its Nuclear, Missile Capabilities</h2>The Iranian Supreme Leader also stated in the letter that the country will guard its nuclear and missile capabilities, flying in the face of President Trump’s demands from the Middle Eastern country.He added that Iranians consider their nuclear and missile capabilities as their national capital, and touted that they will guard them like water, land, and air borders.Khamenei also took a swipe at other countries in the region housing U.S. bases.“America’s puppet bases do not even have the strength and capacity to ensure their own security, let alone that there is any hope that America will provide security to its dependents and American-loving people in the region,” he said, according to the report.<h2 class="st-heading-2">Oil Prices Edge Lower After Rally</h2>Crude oil prices edged lower on Thursday after inching close to their all-time highs. U.S. West Texas Intermediate (WTI) crude futures expiring in June were down nearly 0.3%, hovering around $107 a barrel. Brent crude futures expiring in June fell 0.2% to hover around $110 a barrel.The&nbsp;<a href="https://stocktwits.com/symbol/USO">United States Oil Fund ETF</a> (USO) and&nbsp;<a href="https://stocktwits.com/symbol/UCO">ProShares Ultra Bloomberg Crude Oil ETF</a> (UCO) were down nearly 2% at the time of writing.<h2 class="st-heading-2">Iranian President Says Blockade Attempts Doomed To Fail</h2>Iranian President Masoud Pezeshkian on Thursday stated that any attempts to blockade the country’s ports are doomed to fail, according to a&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://www.tasnimnews.ir/en/news/2026/04/30/3579105/any-attempt-to-impose-a-blockade-maritime-restrictions-on-iran-doomed-to-failure-president">report</a> by Tasnim News Agency.Pezeshkian also highlighted that sustainable security in the Strait of Hormuz depends on the withdrawal of foreign countries from the region as well as the cooperation of coastal countries in the Persian Gulf.Meanwhile, U.S. equities gained in Thursday’s pre-market trade. At the time of writing, the&nbsp;<a href="https://stocktwits.com/symbol/SPY">SPDR S&amp;P 500 ETF</a> (SPY), which tracks the S&amp;P 500 index, was up 0.32%; the&nbsp;<a href="https://stocktwits.com/symbol/QQQ">Invesco QQQ Trust ETF</a> (QQQ) rose 0.39%; and the&nbsp;<a href="https://stocktwits.com/symbol/DIA">SPDR Dow Jones Industrial Average ETF Trust</a> (DIA) gained 0.58%. Retail sentiment on Stocktwits regarding the S&amp;P 500 ETF was in the ‘bullish’ territory.Also See:&nbsp;<a href="https://stocktwits.com/news-articles/markets/equity/amst-stock-plummets-after-6m-direct-offering-private-placement/cZBNwm2RePV">AMST Plummets 32% After Announcing $6M Concurrent Direct Offering, Private Placement</a>For updates and corrections, email newsroom[at]stocktwits[dot]com.

Iran's new Supreme Leader Mojtaba Khamenei

Iran’s Supreme Leader Says Persian Gulf To See A ‘Future Without America’ As Trump Weighs Extended Iranian Port Blockade

According to a report by Al Jazeera, Khamenei stated that a new chapter is emerging in the Strait of Hormuz following the U.S.’ “shameful” failure in its Iran attacks.

<ul class="summary-bullets"><li>The decision follows a review of the country’s production policy and capacity outlook, according to a statement on Tuesday.</li><li>The U.A.E. said it will raise oil production gradually in line with market demand.&nbsp;</li><li>The country had reportedly criticized Arab states for failing to provide adequate support and protection against repeated Iranian attacks.</li></ul>The United Arab Emirates has announced its exit from the&nbsp;Organisation of the Petroleum Exporting Countries (OPEC and OPEC+) on Tuesday, in what could be a seismic shift for global energy markets, which have been under intense pressure since the Middle East conflict began late February.The exit will be effective May 1, 2026. The move underscores the U.A.E.’s long-term economic strategy and shifting energy priorities, including increased investment in domestic production, according to a <a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://www.wam.ae/a/bzxzuh7">statement</a>.&nbsp;The decision follows a review of the country’s production policy and capacity outlook.<h2 class="st-heading-2">End Of A Near Sixty-Year Partnership</h2>The move effectively ends a partnership spanning nearly six decades. The United Arab Emirates joined OPEC in 1967, seven years after the group was founded in Baghdad by Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela. After the U.A.E.’s exit, the organization will be down to 11 member nations.The country said it will raise oil production gradually in line with market demand while continuing to work with partners to develop its resources and support growth. It added that the move does not change its commitment to global market stability or cooperation with producers and consumers.&nbsp;<h2 class="st-heading-2">UAE Criticizes Arab States Amid Iran Shelling</h2>According to a Reuters&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://www.reuters.com/markets/commodities/uae-says-it-quits-opec-opec-statement-2026-04-28/">report</a> on Tuesday, the stunning decision followed mounting frustration from the country, a key regional business hub and a close ally of the U.S., which criticized Arab states for failing to provide adequate support and protection against repeated Iranian attacks during the conflict.On Monday, Anwar Gargash, an adviser to the U.A.E. president&nbsp;Sheikh Mohamed bin Zayed Al Nahyan, criticized how Arab and Gulf countries responded to the Iranian attacks during a session at the Gulf Influencers Forum.“The Gulf Cooperation Council countries supported each other logistically, but politically and militarily, I think their position has been the weakest ⁠historically. I expect this weak stance from the ​Arab League, and I am not surprised by it, but I haven't expected it from the (Gulf) ​Cooperation Council, and I am surprised by it,” Gargash reportedly said.<h2 class="st-heading-2">Brent Crude Climbs Higher</h2>Brent Oil Futures for July 2026 deliveries were up around 3% at $104.65 per barrel at the time of writing.Brent crude prices have shot up more than 45% since the conflict began on Feb. 28, 2026, primarily due to the closure of the Strait of Hormuz, a critical oil corridor that handles nearly 20% of the global crude supply.&nbsp;At the time of writing, the United States Oil Fund (USO) gained 2.9%, the ProShares Ultra Bloomberg Crude Oil (UCO) climbed 2.4% higher, while Invesco DB Oil Fund (DBO) rose around 2%.For updates and corrections, email newsroom[at]stocktwits[dot]com.

OPEC logo is displayed on a mobile phone screen for illustration photo. Krakow, Poland on February 2nd, 2023.

UAE To Exit OPEC, OPEC+ In Historic Move Amid Middle East Conflict

The United Arab Emirates announced its exit from OPEC and OPEC+ on Tuesday, ending a near six decade alliance.

UAE Breaks From OPEC Alliance In Rare Rift Amid Iran Tensions, Sending Crude Higher

<ul class="summary-bullets"><li>The veteran investor believes the physical markets are on the right track.&nbsp;</li><li>When paper oil prices catch up to physical prices, the repricing will be violent, according to Noble.&nbsp;</li><li>Meanwhile, oil prices have been swinging wildly amid ongoing geopolitical uncertainty.</li></ul>As markets grapple with uncertainty about the outcome of the war in Iran and its impact on global energy prices, a former associate of legendary investor Peter Lynch is betting on energy stocks.“Energy stocks remain the most asymmetric trade in this market,” said George Noble, a hedge fund veteran and former Fidelity fund manager, in a <a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://x.com/gnoble79/status/2046603397533511746">post</a> on X on late Tuesday.The investor highlighted the pricing difference between physical oil markets (spot oil, tanker bookings, actual delivery) and paper markets (futures contracts, options, financial instruments), saying that while the former was pricing in a war, the latter was pricing in a peace deal. “One of them is WRONG,” Noble said.<h2 class="st-heading-2">Noble Backs This Indicator</h2>The veteran investor believes the physical markets are on the right track. To back his claim, Noble pointed out that 230 loaded oil tankers were stuck in the Persian Gulf amid the blockade of the Strait of Hormuz, where traffic had dropped by over 90%.He noted that normally 15 to 20 million barrels per day flowed through the critical waterway, but at present, alternatives via Saudi Arabia's East-West pipeline can only handle about 9 million barrels per day, creating a massive gap with no real workaround.“You cannot close a gap that large with infrastructure that doesn't exist,” he said. “You cannot load 15 million barrels per day onto trucks. There is no land bridge for hydrocarbons. The pipelines are maxed. The tankers are parked,” he added.Noble also said that two separate battles were unfolding now — one the global supply chain has already adapted to, and another it simply can’t. Yet paper oil markets were trading as if that divide didn’t exist, he said.Meanwhile, U.S. President Donald Trump said on Tuesday that the U.S. was extending a ceasefire with Iran, although the blockage of Iranian ports would continue.<h2 class="st-heading-2">Wild Market Swings</h2>Oil prices have been swinging sharply, spiking on any hints of escalation in tensions between the U.S. and Iran, while pulling back on signs of renewed negotiations or ceasefire announcements. Energy stocks have been tracking the wild oscillations.The <a href="https://stocktwits.com/symbol/uso">United States Oil Fund</a> (USO), an exchange-traded fund that tracks the daily price changes of West Texas Intermediate, has been whipsawing in tandem.<figure class="image"><img src="https://news.stocktwits-cdn.com/koyfin_20260422_100526996_png_4aaa028a13.webp" alt="koyfin_20260422_100526996.png" width="2400" height="1240"><figcaption>Source: Koyfin</figcaption></figure>Meanwhile, the <a href="https://stocktwits.com/symbol/XLE">State Street Energy Select Sector SPDR ETF</a> (XLE), which tracks American energy companies within the S&amp;P 500, has diverged significantly from the S&amp;P 500 since the start of the war — initially outperforming the benchmark index at the onset of the Hormuz crisis and finally lagging in after signs of a ceasefire and diplomatic breakthroughs.<figure class="image"><img src="https://news.stocktwits-cdn.com/koyfin_20260422_110224623_png_e3a9e341bd.webp" alt="koyfin_20260422_110224623.png" width="2400" height="1500"><figcaption>Source: Koyfin</figcaption></figure>Shares of major energy stocks have also been fluctuating. For instance, <a href="https://stocktwits.com/symbol/batl">Battalion Oil Corp.</a> (BATL) shares surged more than 38% at the close on Tuesday amid soaring crude oil prices, as uncertainty around an expansion of the U.S.-Iran ceasefire lingered. However, after Trump announced an extension late Tuesday, oil prices declined, pulling BATL's stock down by nearly 13% in overnight trading.<a href="https://stocktwits.com/symbol/cvx">Chevron Corp.</a> (CVX) stock, meanwhile, was up 10.78% in the first month after the war, but has since pared most of those gains, declining about 10% so far this month. <a href="https://stocktwits.com/symbol/xom">Exxon Mobil Corp</a>. (XOM) and <a href="https://stocktwits.com/symbol/cop">ConocoPhillips</a> (COP) have also followed similar trajectories.When paper oil prices catch up to physical prices, “the repricing will be VIOLENT,” Noble said.The United States Oil Fund ETF (USO) has gained nearly 86% so far this year, while the P<a href="https://stocktwits.com/symbol/uco">roShares Ultra Bloomberg Crude Oil ETF</a> (UCO) has surged more than 115% in the same time. Retail sentiment around both was in the ‘bearish’ territory on Stocktwits at the time of writing.For updates and corrections, email newsroom[at]stocktwits[dot]com.

Physical Oil Markets Have Already Priced In US-Iran War, But Paper Markets Haven't, Says Veteran Investor: 'Repricing Will Be VIOLENT'

“You cannot close a gap that large with infrastructure that doesn't exist,” says George Noble.

Why Energy Stocks Are The Most Asymmetric Market Trade Right Now: Veteran Investor George Noble Explains

<ul class="summary-bullets"><li>The U.S. President added that he does not want to extend the ongoing ceasefire with Iran, while touting the success the U.S. has had with taking out Iran’s navy, air force, as well as the leaders.</li><li>He stated that while it was not his choice to threaten to bomb Iran’s electricity grid and bridges, Iran tried to move its missiles during the ceasefire period through these bridges.</li><li>Trump added that while the blockade of Iranian ports during the ceasefire was a tremendous success, the U.S. caught Iran trying to restock its ammunition during this period.</li></ul>President Donald Trump on Tuesday warned that the U.S. military is raring to go and bomb Iran again, adding that&nbsp;they are prepared to launch another offensive if needed. This comes even as Washington pushes for a peace deal with Tehran.&nbsp;During an interview with CNBC, President Trump added that Iran has no choice but to make a deal with the U.S., while stating that the United States is “going to end up with a great deal” with Iranian negotiators.“I expect to be bombing, because I think that’s the better attitude to go in with… but we’re ready to go, I mean, the military is raring to go. They’re absolutely incredible,” he said.<h2 class="st-heading-2">Trump Says He Doesn’t Want To Extend Ceasefire</h2>President Trump added that he does not want to extend the ongoing ceasefire with Iran, while touting the success the U.S. has had with taking out Iran’s navy, air force, as well as the leaders.“Iran can get themselves at a very good footing if they make a deal. They can make themselves into a strong nation again, a wonderful nation again. They have incredible people,” he said, while criticizing the country’s leadership. Trump called on the Iranian negotiators to use reason and common sense to strike a deal with the U.S.The U.S. President added that he thinks the U.S. is in a very strong negotiating position to do what other presidents should have done in the 47-year period when Iran killed a lot of the soldiers of the United States.“We’ve taken out their leaders, frankly, which does complicate things in one way, but these leaders are much more rational. It is regime change, no matter what you want to call it, which is not something I said I was going to do, but I’ve done it indirectly,” he added.Trump also stated that while it was not his choice to threaten to bomb Iran’s electricity grid and bridges, Iran tried to move its missiles during the ceasefire period through these bridges.Meanwhile, crude oil prices edged lower on Tuesday. U.S. West Texas Intermediate (WTI) crude futures expiring in June were down nearly 1%, hovering around $87 a barrel. Brent crude futures expiring in June fell 1% to hover around $95 a barrel.The&nbsp;<a href="https://stocktwits.com/symbol/USO">United States Oil Fund ETF</a> (USO) edged up by 0.1% at the time of writing, while the&nbsp;<a href="https://stocktwits.com/symbol/UCO">ProShares Ultra Bloomberg Crude Oil ETF</a> (UCO) gained over 1%.<h2 class="st-heading-2">Trump Says US Intercepted A Gift From China</h2>President Trump stated that while the blockade of Iranian ports during the ceasefire was a tremendous success, the U.S. caught Iran trying to restock its ammunition during this period.“We caught a ship yesterday that had some things on it which wasn’t very nice… a gift from China perhaps, I don’t know. But I’m really surprised… very good relationship and I thought I had an understanding with President Xi,” he added.Meanwhile, U.S. equities gained in Tuesday’s opening trade. At the time of writing, the&nbsp;<a href="https://stocktwits.com/symbol/SPY">SPDR S&amp;P 500 ETF</a> (SPY), which tracks the S&amp;P 500 index, was up 0.21%; the&nbsp;<a href="https://stocktwits.com/symbol/QQQ">Invesco QQQ Trust ETF</a> (QQQ) rose 0.2%; and the&nbsp;<a href="https://stocktwits.com/symbol/DIA">SPDR Dow Jones Industrial Average ETF Trust</a> (DIA) gained 0.54%. Retail sentiment on Stocktwits regarding the S&amp;P 500 ETF was in the ‘extremely bullish’ territory.Also See:&nbsp;<a href="https://stocktwits.com/news-articles/markets/equity/kevin-warsh-battle-tested-senate-banking-committee-chairman-hearing/cZBI1jiRICu">Kevin Warsh Is 'Battle Tested' And Ready For The Job, Says Senate Banking Committee Chairman Tim Scott Ahead Of Confirmation Hearing</a>For updates and corrections, email newsroom[at]stocktwits[dot]com.

President Trump Departs Washington Enroute To Miami, Florida. (Photo by Tasos Katopodis/Getty Images)

Trump Warns Military Raring To Go And Bomb Iran Again — Says US Expects To Make A 'Great Deal' With Iranian Negotiators

During an interview with CNBC, President Trump added that Iran has no choice but to make a deal with the U.S.

<ul class="summary-bullets"><li>Hassett added that the current spike in crude oil prices is not permanent, noting that ample capacity will return to the market once the war in Iran is over.</li><li>He stated that the risk premium will be gone once oil production in the Middle East returns to normalcy after the Strait of Hormuz reopens.</li><li>Hassett also cited the U.S. crude oil production ramp-up as another factor that will help tame energy prices.</li></ul>White House National Economic Council Director Kevin Hassett reportedly downplayed concerns that the war with Iran would push crude oil prices higher for longer.During an interview with CNBC, Hassett said that suppliers are taking advantage of high crude oil prices right now due to the war in Iran, but that won’t be the case in one or two years.“My view is that I think that there has been energy production that has been suppressed by the Iranian behavior in the Middle East and that when that takes off, the long run oil price is going to go down down down,” he said.Hassett’s comments come amid a call between Chinese President Xi Jinping and Saudi Arabia’s Crown Prince and Prime Minister, Mohammed bin Salman Al Saud. President Xi stated that the Strait of Hormuz should remain open and that normal passage through the waterway should be maintained.<h2 class="st-heading-2">Hassett Says Oil Price Spike Is Not Permanent</h2>Hassett added that the current spike in crude oil prices is not permanent, noting that ample capacity will return to the market once the war in Iran is over.He stated that the risk premium will be gone once oil production in the Middle East&nbsp;returns to normalcy after the Strait of Hormuz reopens.&nbsp;Oil production in the region is currently down significantly due to the shutdown of several oil fields amid attacks by Iran.According to the latest report from The Organization of the Petroleum Exporting Countries (OPEC), oil production fell 61% in Iraq, 53% in Kuwait, and 44% in the United Arab Emirates in March when compared to February.Hassett also cited the U.S. crude oil production ramp-up as another factor that will help tame energy prices.The NEC director’s comments come amid a 29% rise in U.S. gas prices since the beginning of the Iran war. According to data from AAA Fuel Prices, gas prices are currently hovering around $4.042 per gallon.“In terms of how long it’s going to take to recover, the Saudis still have about two million barrels a day of excess capacity. They can turn the knobs and increase that production, put it in boats and ship it around the global economy… as soon as the strait is opened, they can get going on that,” Hassett said.<h2 class="st-heading-2">Crude Oil Prices On The Boil Again</h2>Crude oil prices rose again on Monday after tumbling on Friday amid growing tensions in the Middle East over the weekend.U.S. West Texas Intermediate (WTI) crude futures expiring in June were up nearly 5%, hovering around $86 a barrel. Brent crude futures expiring in June rose about 4% to hover around $94 a barrel.The&nbsp;<a href="https://stocktwits.com/symbol/USO">United States Oil Fund ETF</a> (USO) was up&nbsp;about 4% at the time of writing, while the&nbsp;<a href="https://stocktwits.com/symbol/UCO">ProShares Ultra Bloomberg Crude Oil ETF</a> (UCO) gained over 5%.Meanwhile, Iranian President Masoud Pezeshkian stated that the war must end, adding that the country needs to focus on rebuilding. According to a CNN&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://www.cnn.com/2026/04/20/world/live-news/iran-war-us-trump-israel?post-id=cmo74hq7e00043j6riawgx0b7">report</a>, he stated that every rational and diplomatic path must be used to reduce tensions.“We must recognize that continuing the conflict benefits no one — not us, not the other side, and not the future of the region or coming generations,” he said, according to the report.U.S. equities were mixed in Monday’s opening trade. At the time of writing, the&nbsp;<a href="https://stocktwits.com/symbol/SPY">SPDR S&amp;P 500 ETF</a> (SPY), which tracks the S&amp;P 500 index, was down 0.1%; the&nbsp;<a href="https://stocktwits.com/symbol/QQQ">Invesco QQQ Trust ETF</a> (QQQ) fell 0.09%; and the&nbsp;<a href="https://stocktwits.com/symbol/DIA">SPDR Dow Jones Industrial Average ETF Trust</a> (DIA) edged up by 0.04%. Retail sentiment on Stocktwits regarding the S&amp;P 500 ETF was in the ‘extremely bullish’ territory.Also See:&nbsp;<a href="https://stocktwits.com/news-articles/markets/equity/tesla-peg-valuation-gary-black-ahead-q1-earnings-robotaxi-competition/cZBd9tLRIyU">TSLA Valuation Debate Gets Louder Ahead Of Earnings Week: Gary Black Questions ‘Rich’ Multiples</a>For updates and corrections, email newsroom[at]stocktwits[dot]com.

National Economic Council Director Kevin Hassett speaks to the press after doing a television interview outside the West Wing of the White House.

Hassett Just Said Oil Will Go ‘Down Down Down’ – What’s The Deal?

During an interview with CNBC, the White House National Economic Council Director said that suppliers are taking advantage of high crude oil prices right now due to the war in Iran, but that won’t be the case in one or two years.

<ul class="summary-bullets"><li>Among the top picks are Conoco Phillips, Halliburton, Permian Resources, and Vistra, all of which pay dividends and have an upside potential of more than 18%, as per the analyst.&nbsp;</li><li>Mehta emphasized a bullish long-term view of oil, stating that Brent crude oil would normalize at $75 per barrel as one of the reasons for his views.</li><li>Cenovus Energy, Ovintiv, and Golar LNG were other dividend-paying energy stocks that made Mehta’s list.</li></ul>Major energy stocks tumbled on Friday, following a steep decline in oil prices after Iran said that the critical Strait of Hormuz would be “completely open” for the rest of the ceasefire period. Yet, the fall could indicate a buying opportunity in many of the dividend-paying energy stocks, Goldman Sachs reportedly said.Among the top picks are Conoco Phillips (COP), Halliburton Co. (HAL), Permian Resources Corp. (PR), and Vistra Corp. (VST), all of which pay dividends and have an upside potential of more than 18%, as per the analyst, <a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://www.cnbc.com/2026/04/17/goldman-says-buy-these-dividend-paying-energy-stocks-with-upside.html">according</a> to CNBC.<h2 class="st-heading-2">Goldman’s Broad Rationale</h2>Goldman Sachs analyst Neil Mehta reportedly said in a note that the picks were based on four themes.First, Mehta emphasized a bullish long-term view of oil, stating that Brent crude oil would normalize at $75 per barrel. At the time of writing, ICE Brent Crude futures expiring in June were trading more than 8% lower at $90.79 per barrel. Meanwhile, WTI Crude futures expiring in May were down more than 10%, trading around $84.62 per barrel.Second, Mehta said that the firm’s views on American exploration and production companies were more positive in light of their valuation risk and reward. Third, the analyst also took a positive stance on electrification and further capital expenditures by utility companies.Finally, the analyst also emphasized underappreciated idiosyncratic stories in some of the small cap energy stocks that had upward potential from their current levels.“We recognize there is significant geopolitical and commodity volatility, but these are ideas that we believe are fundamentally underpinned at our mid-cycle views,” Mehta said, as per CNBC.<h2 class="st-heading-2">View On Energy Stocks</h2>COP stock, which declined more than 4.6% on Friday, is on Goldman’s Americas Conviction List. Mehta said that as the company’s capital spending took off and major projects came online, its shares would benefit from an inflection in free cash flow. When combined with $1 billion in cost reductions, ConocoPhillips would deliver a 20% to 25% free-cash-flow per share compound annual growth rate through 2030, the analyst said.Goldman Sachs has a price target of $144 on COP, which implies an upside potential of about 24% from the current trading price of $115.94. Meanwhile, the company also has a dividend yield of 2.76%.Meanwhile, PR stock, which is down more than 5% at the time of writing, is a win based on execution, Mehta said. The stock has a 3.13% dividend yield. The analyst has a price target of $23 on the stock, indicating an upside potential of more than 18% from its latest trading price of $19.35.Power generation company VST stock gained a bullish rating on attractive fundamentals in its base business. Mehta said that the company had hedged most of its short-term generation, reducing earnings volatility, and bolstering future power prices. The analyst has a $212 price target on the company, indicating an upside potential of nearly 30% compared to its current price of $163.45.Cenovus Energy (CVE), Ovintiv (OVV), and Golar LNG (GLNG) were other dividend-paying energy stocks that made Mehta’s list.Meanwhile, the United States Oil Fund ETF (USO) was down nearly 8% at the time of writing, while the ProShares Ultra Bloomberg Crude Oil ETF (UCO) tumbled more than 10%.For updates and corrections, email newsroom[at]stocktwits[dot]com.Also Read: <a href="https://stocktwits.com/news-articles/markets/equity/batl-xom-uso-tank-crude-oil-prices-fall-strait-of-hormuz-open-trump-iran-war/cZJUHTHRIUJ">BATL, XOM, USO Tank As Crude Oil Prices Plunge On Reopening Of Strait Of Hormuz — Trump Says US, Iran Removing All Sea Mines</a>

A crane ship helps other vessels searching for oil and natural gas near the oil platform offshore the Red Sea in Ras Behar region, Egypt.

COP, HAL, PR, VST Stocks Fall Amid Tumbling Oil Prices — Goldman Reportedly Urges Buying The Dip

According to CNBC, Goldman Sachs analyst Neil Mehta provided four broad reasons to buy the dip, apart from individual reasons to buy the dividend-paying stocks. 

<ul class="summary-bullets"><li>Major U.S. oil stocks, including Exxon Mobil, Chevron, ConocoPhillips, and Battalion Oil, declined between 5% to 14% on Friday.</li><li>President Trump stated in a post on Truth Social that Iran has agreed to never close the Strait of Hormuz again.</li><li>U.S. equities soared on Friday following the announcement, with the Dow Jones Industrial Average surging by more than 1,000 points, while the S&amp;P 500 and the Nasdaq Composite reached new all-time highs.</li></ul>Crude oil prices plummeted on Friday after Iranian Foreign Minister Seyed Abbas Araghchi announced that the Strait of Hormuz would be “completely open” during the remainder of the ceasefire period between the U.S. and Iran.“In line with the ceasefire in Lebanon, the passage for all commercial vessels through Strait of Hormuz is declared completely open for the remaining period of ceasefire, on the coordinated route as already announced by Ports and Maritime Organisation of the Islamic Rep. of Iran,” Araghchi stated in a&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://x.com/araghchi/status/2045121573124759713">post</a> on X.<figure class="image"><img src="https://news.stocktwits-cdn.com/Araghchi_post_jpg_cf48e303b4.webp" alt="Seyed Abbas Araghchi's post on X" width="588" height="222"><figcaption>Seyed Abbas Araghchi's post on X | @araghchi/X</figcaption></figure>U.S. West Texas Intermediate (WTI) crude futures expiring in May were down nearly 13%, hovering around $82, the lowest in more than a month. Brent crude futures expiring in June fell about 11% to hover around $88 a barrel.The&nbsp;<a href="https://stocktwits.com/symbol/USO">United States Oil Fund ETF</a> (USO) was down about 11% at the time of writing, while the&nbsp;<a href="https://stocktwits.com/symbol/UCO">ProShares Ultra Bloomberg Crude Oil ETF</a> (UCO) tumbled nearly 14%.Meanwhile, major U.S. oil stocks also followed suit in Friday morning’s trade. Battalion Oil Corp. (BATL) shares were down more than 14%, while Exxon Mobil Corp. (XOM) fell nearly 6%. Shares of Chevron Corp. (CVX) were down nearly 5%, while ConocoPhillips (COP) fell about 7%.<h2 class="st-heading-2">Trump Says US, Iran Working To Remove Mines</h2>President Trump&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://truthsocial.com/@realDonaldTrump/posts/116420484827577347">announced</a> that the U.S. and Iran are working together to remove all sea mines placed by the Middle Eastern country in the Strait of Hormuz, removing a critical threat to vessels passing through the critical waterway.<figure class="image"><img src="https://news.stocktwits-cdn.com/Trump_post_2_jpg_b09fd98e88.webp" alt="President Donald Trump's post on Truth Social" width="566" height="171"><figcaption>President Donald Trump's post on Truth Social | @realDonaldTrump/Truth Social</figcaption></figure>Trump also stated in another&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://truthsocial.com/@realDonaldTrump/posts/116420562510387829">post</a> on Truth Social that Iran has agreed to never close the Strait of Hormuz again.<figure class="image"><img src="https://news.stocktwits-cdn.com/Trump_post_3_jpg_a17a6bf464.webp" alt="President Donald Trump's post on Truth Social" width="569" height="178"><figcaption>President Donald Trump's post on Truth Social | @realDonaldTrump/Truth Social</figcaption></figure>He added that this deal with Iran is not tied in any way to Lebanon. This comes after Israel and Lebanon agreed to a 10-day ceasefire on Friday.<h2 class="st-heading-2">Dow Soars Over 1,000 Points</h2>The reopening of the Strait of Hormuz sent U.S. equities&nbsp;<a href="https://stocktwits.com/news-articles/markets/equity/dow-soars-iran-opens-strait-of-hormuz-trump-naval-blockade/cZJUszCRIUb">soaring</a> on Friday, with the Dow Jones Industrial Average (DJIA) surging by more than 1,000 points.The S&amp;P 500 reached a new all-time high of 7,136, while the Nasdaq Composite also scaled a new all-time high of 24,490.At the time of writing, the&nbsp;<a href="https://stocktwits.com/symbol/SPY">SPDR S&amp;P 500 ETF</a> (SPY), which tracks the S&amp;P 500 index, was up 1.25%; the&nbsp;<a href="https://stocktwits.com/symbol/QQQ">Invesco QQQ Trust ETF</a> (QQQ) rose 1.32%; and the&nbsp;<a href="https://stocktwits.com/symbol/DIA">SPDR Dow Jones Industrial Average ETF Trust</a> (DIA) surged 2%. Retail sentiment on Stocktwits regarding the S&amp;P 500 ETF was in the ‘extremely bullish’ territory.Also See:&nbsp;<a href="https://stocktwits.com/news-articles/markets/equity/sndk-stock-rally-this-year-bofa-more-upside-nasdaq-100-inclusion/cZJUsLwRIxC">SNDK Stock Has Rallied 285% This Year, But Analyst Says There's More Upside Ahead Of Nasdaq 100 Entry</a>For updates and corrections, email newsroom[at]stocktwits[dot]com.

Sunset view with silhouette of an oil rig.

BATL, XOM, USO Tank As Crude Oil Prices Plunge On Reopening Of Strait Of Hormuz — Trump Says US, Iran Removing All Sea Mines

U.S. West Texas Intermediate crude futures expiring in May were down nearly 13%, hovering around $82 a barrel, the lowest in more than a month.

<ul class="summary-bullets"><li>The S&amp;P 500 index was hovering around a new all-time high of 7,140 at the time of writing, while the Nasdaq Composite was up around 2%.</li><li>President Trump told Bloomberg in an interview that Iran has agreed to suspend its nuclear program indefinitely.</li><li>He added that talks about an agreement will “probably” be held this weekend.</li></ul>U.S. equities soared on Friday morning after Iranian Foreign Minister Seyed Abbas Araghchi announced that the Strait of Hormuz is completely open for passage following the ceasefire announced between Israel and Lebanon.The Dow Jones Industrial Average (DJIA) soared more than 1,000 points, while the S&amp;P 500 index topped 7,100 for the first time to hover around a new all-time high of 7,140 at the time of writing. The Nasdaq Composite was up around 2%, reaching a new all-time high of 24,518.“In line with the ceasefire in Lebanon, the passage for all commercial vessels through Strait of Hormuz is declared completely open for the remaining period of ceasefire, on the coordinated route as already announced by Ports and Maritime Organisation of the Islamic Rep. of Iran,” Araghchi stated in a&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://x.com/araghchi/status/2045121573124759713">post</a> on X.<figure class="image"><img src="https://news.stocktwits-cdn.com/Araghchi_post_jpg_cf48e303b4.webp" alt="Seyed Abbas Araghchi's post on X" width="588" height="222"><figcaption>Seyed Abbas Araghchi's post on X | @araghchi/X</figcaption></figure><h2 class="st-heading-2">Trump Says Iran Blockade To Continue</h2>Meanwhile, President Donald Trump stated that the naval blockade of Iranian ports will continue until the “transaction” with Iran is complete.“The Strait of Hormuz is completely open and ready for business and full passage, but the naval blockade will remain in full force and effect as it pertains to Iran, only, until such time as our transaction with Iran is 100% complete,” he stated in a&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://truthsocial.com/@realDonaldTrump/posts/116420275523158052">post</a> on Truth Social.President Trump added that the talks with Iran should be completed very soon, noting that most of the points have already been negotiated with the Middle Eastern country.<figure class="image"><img src="https://news.stocktwits-cdn.com/Trump_post_1_jpg_e0cf96c4fa.webp" alt="President Donald Trump's post on Truth Social" width="566" height="273"><figcaption>President Donald Trump's post on Truth Social | @realDonaldTrump/Truth Social</figcaption></figure>President Trump added that the talks with Iran should be completed very soon, noting that most of the points have already been negotiated.He stated in another&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://truthsocial.com/@realDonaldTrump/posts/116420562510387829">post</a> on Truth Social that Iran has agreed to never close the Strait of Hormuz again.<figure class="image"><img src="https://news.stocktwits-cdn.com/Trump_post_3_jpg_a17a6bf464.webp" alt="President Donald Trump's post on Truth Social" width="569" height="178"><figcaption>President Donald Trump's post on Truth Social | @realDonaldTrump/Truth Social</figcaption></figure><h2 class="st-heading-2">Iran To Suspend Nuclear Program</h2>President Trump&nbsp;<a class="st-link-external" target="_blank" rel="noopener noreferrer nofollow" href="https://www.bloomberg.com/news/articles/2026-04-17/trump-says-iran-to-suspend-nuclear-program-won-t-get-funds">told</a> Bloomberg in an interview that Iran has agreed to suspend its nuclear program indefinitely.He added that talks on an agreement will “probably” be held this weekend, and that he may head to Pakistan to sign the agreement with Iran.<h2 class="st-heading-2">Crude Oil Tanks</h2>Crude oil prices&nbsp;<a href="https://stocktwits.com/news-articles/markets/equity/batl-xom-uso-tank-crude-oil-prices-fall-strait-of-hormuz-open-trump-iran-war/cZJUHTHRIUJ">plummeted</a> following the announcement. U.S. West Texas Intermediate (WTI) crude futures expiring in May were down nearly 13%, hovering around $83, the lowest in more than a month. Brent crude futures expiring in June fell about 11% to hover around $88 a barrel.The&nbsp;<a href="https://stocktwits.com/symbol/USO">United States Oil Fund ETF</a> (USO) was down about 10% at the time of writing, while the&nbsp;<a href="https://stocktwits.com/symbol/UCO">ProShares Ultra Bloomberg Crude Oil ETF</a> (UCO) tumbled nearly 13%.Major U.S. oil stocks also tumbled, with shares of Exxon Mobil, Chevron, ConocoPhillips, and Battalion Oil declining between 5% to 14% on Friday.At the time of writing, the&nbsp;<a href="https://stocktwits.com/symbol/SPY">SPDR S&amp;P 500 ETF</a> (SPY), which tracks the S&amp;P 500 index, was up 1.35%; the&nbsp;<a href="https://stocktwits.com/symbol/QQQ">Invesco QQQ Trust ETF</a> (QQQ) rose 1.29%; and the&nbsp;<a href="https://stocktwits.com/symbol/DIA">SPDR Dow Jones Industrial Average ETF Trust</a> (DIA) surged 2.2%. Retail sentiment on Stocktwits regarding the S&amp;P 500 ETF was in the ‘extremely bullish’ territory.Also See:&nbsp;<a href="https://stocktwits.com/news-articles/markets/equity/sndk-stock-rally-this-year-bofa-more-upside-nasdaq-100-inclusion/cZJUsLwRIxC">SNDK Stock Has Rallied 285% This Year, But Analyst Says There's More Upside Ahead Of Nasdaq 100 Entry</a>For updates and corrections, email newsroom[at]stocktwits[dot]com.

The New York Stock Exchange stands on Wall Street in New York City

Dow Soars Over 1,000 Points, S&P 500 Tops 7,100 For First Time After Iran Declares Strait Of Hormuz Is Open — Trump Says Naval Blockade To Continue

President Donald Trump said talks with Iran should be completed soon, noting that most points have already been negotiated.

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