Oil Surges, AI Deals Advance Amid Gulf Tensions

Geopolitical tensions in the Gulf are driving oil prices higher, with Goldman Sachs warning of Brent crude potentially exceeding $100 if the Strait of Hormuz remains disrupted. In the tech sector, CoreWeave and Meta have solidified another significant artificial intelligence partnership, signaling continued investment in AI infrastructure. Meanwhile, billionaire Thomas Peterffy has ignited a discussion regarding the merits of insider trading bans, questioning their effectiveness. The business world also sees McCormick's strategic move to transform the global food industry, with CEO Brendan Foley set to discuss the initiative.