Iranian state media reported Iran's top security official said a restricted zone outside the Strait of Hormuz will be announced in the coming days. The zone will begin at the US Navy blockade line and extend into the Gulf region. Any vessel entering the new zone will be added to a sanctions list.

Morgan Stanley says Microsoft (MSFT.O) will implement a broad external reporting restructure effective FY2027, merging Productivity and Business Processes, Intelligent Cloud and More Personal Computing into two segments—Agents and Infra and Devices and Consumer—to align reporting with its integrated cloud+AI operating model. The firm views the changes as largely an accounting reclassification that does not alter underlying economics; Azure and Microsoft 365 reporting adjustments are mechanical. Morgan Stanley maintains its view that Azure will accelerate in H1 FY2027 versus H2 FY2026 and that Microsoft 365 commercial cloud growth will quicken in FY2027, and reiterates an Overweight rating with a PT of $600.

Israel's finance minister said Prime Minister NETANYAHU has ordered the evacuation of certain settlement outposts in the West Bank.