CITIC Securities research note said markets underappreciate near- and mid-term upside risk to oil. Near term, the Strait of Hormuz has been closed for weeks and more wells have been forced offline; prolonged outages risk permanent capacity loss. Over the medium term, low capex has pushed US drilled‑but‑uncompleted inventories and new drilling to multi‑year lows, making sustained US high output unlikely and shifting residual supply and pricing power toward Middle East producers. Markets were over

EKHBARIYA cited a Monday report from the Palestinian Youth Movement and Oxfam Denmark alleging Danish shipping giant Maersk transported ammunition cores, brass casings, bomb bodies and mortar parts the report identifies as components of Israeli weapons systems. The findings contradict Maersk’s policy prohibiting shipments of "weapons or ammunition" to active conflict zones. Nadia Tannous of the Palestinian Youth Movement said Maersk has publicly claimed it has strictly enforced that policy since October 2023; the investigation, she said, directly challenges those claims and asserts Maersk’s shipping activity has been crucial to sustaining Israeli military capability.

Morgan Stanley raised its PT on Apple (AAPL.O) to $360 from $330.