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Price: $337.17, Change: $+4.28, Percent Change: +1.29%
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Oil & Energy
Iran Reportedly Proposes Hormuz Reopening as US Reviews Plan
Iran has proposed reopening the Strait of Hormuz while delaying nuclear talks, with Leavitt saying the proposal is under discussion, according to media reports.US President Donald Trump discussed the Iranian proposal with senior national security officials during meetings held on Monday, Karoline Leavitt, White House Press Secretary, said in a press briefing."I can confirm the president has met with his national security team this morning," Leavitt said, adding that the proposal is reportedly being discussed.Leavitt did not comment on whether the administration would accept the proposal.The proposal presented by Iran on Sunday suggests reopening the Strait of Hormuz while postponing negotiations over the nuclear program to a later stage, according to media reports.Leavitt said Trump's key conditions remain unchanged. She declined to confirm whether the administration is actively considering the proposal and said Trump will address the issue publicly soon.US Secretary of State Marco Rubio criticized the proposal, arguing it would give Iran control over access to an international waterway, Rubio said in an interview with Fox News.Rubio said Iran's approach would require ships to seek permission or face threats, which he said undermines the principle of open international navigation.He added the US would not accept any system that allows Iran to regulate access or impose costs on vessels using the Strait of Hormuz.The developments follow a planned second round of US-Iran talks over the weekend that did not proceed as expected.US President Donald Trump said he did not send representatives to Islamabad, citing internal divisions within Iran's leadership, according to a Truth Social post on Saturday.Trump said, "... there is tremendous infighting and confusion within their leadership," adding, "If they want to talk, all they have to do is call!"The US Department of State did not immediately respond to' requests for comment.Oil markets reacted to the developments, with Brent crude rising about 2.77% to $108.25 per barrel and US West Texas Intermediate gaining about 2.42% to $96.68.
Insider Trading
Primeenergy Resources Insider Sold Shares Worth $2,309,200, According to a Recent SEC Filing
Clint Hurt, Director, on April 24, 2026, sold 10,000 shares in Primeenergy Resources (PNRG) for $2,309,200. Following the Form 4 filing with the SEC, Hurt has control over a total of 93,737 common shares of the company, with 93,737 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/56868/000143774926013518/xslF345X05/rdgdoc.xml
$PNRG
Research
Research Alert: Amkr: Results/outlook Ahead Of Consensus, Supported By Auto/industrial Recovery
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Q1 sales of $1.68B (+27% Y/Y) exceeded Street expectations ($1.65B) along with EPS of $0.33 (vs. Street $0.24), with Q2 revenue/EPS guidance of $1.80B/$0.47 representing larger beats vs. expectations of $1.74B/$0.31, respectively. Q2 gross margin was guided to 15.0%, above consensus of 14.8%. We point to Auto/Industrial strength as the most important result during Q1, with the segment's 28% Y/Y growth continuing to show acceleration over the past several quarters following a long period of weakness. Tariff reductions should help, though emerging issues like the Strait of Hormuz closure and ongoing memory shortage could challenge this recovery thesis in the coming quarters. AMKR lowered its 2026 capex outlook slightly from ~$3.0B to ~$2.75B, a total that remains substantial as it looks to support TSMC's ambitions in Arizona, which will likely necessitate borrowing/higher interest costs. We consider the reduced capex forecast to reflect a narrowing of expectations rather than lower demand projections.
$AMKR