The market is playing down the risks that the Strait of Hormuz may now remain closed for months rather than days

Oil breaks through $126 after Trump signals Hormuz blockade will drag on

The bank is "turbo-optimistic" on the stock as a whole

US stocks will outperform European stocks, says HSBC. What does it see as the driver of growth?

Brent crude oil with delivery in June jumped in trading on April 29 above $118 per barrel and at one point broke through the $119.45 mark. This, <a href="https://www.reuters.com/business/energy/oil-rises-reports-us-will-extend-iran-blockade-prolonging-mideast-supply-2026-04-29/">Reuters</a> and the <a href="https://www.ft.com/content/243b9344-bab3-4129-bbec-825e97d661f4">Financial Times</a> note, is the highest level for Brent in the past month. Also, the average price of gasoline in the United States has increased to the maximum since July 2022, <a href="https://finance.yahoo.com/personal-finance/article/gas-prices-jump-to-highest-level-since-july-2022-as-oil-hovers-near-110-154947778.html">writes</a> Yahoo Finance. According to the American Automobile Association (AAA), the national average price of gasoline rose to nearly $4.23 per gallon, up about $0.12 over the past two days and more than a dollar higher than a year ago.

Brent crude jumped to $119 a barrel, US gasoline at highest since 2022

Astana and Baghdad deny the possibility of changing course and leaving the oil cartel

From Kazakhstan to Venezuela: which OPEC+ countries may leave the alliance after the UAE?

Housing prices in Dubai have<a href="https://oninvest.com/article/ceny-na-zil-e-v-dubae-snizilis-na-fone-vojny-vpervye-s-2020-goda"> gone down</a> for the first time since 2020. Bloomberg<a href="https://www.bloomberg.com/news/articles/2026-04-23/dubai-home-prices-post-first-declines-after-post-pandemic-boom"> attributes the</a> March drawdown to the pressure of the war on demand, but bank reports show that the market began to lose momentum even before the conflict. UBS points to a decline in new construction contracts, primarily due to the risk of oversupply in Dubai.<b> Bank of </b>America (BofA) against this background revised its forecasts for UAE banks: analysts expect weaker loan growth and higher risk costs.

What is happening in Dubai's real estate market and how does it affect UAE banks?

Microsoft Corporation

Alphabet Inc.

Meta Platforms, Inc.

Amazon.com, Inc.

Seagate Technology Holdings plc

NXP Semiconductors N.V.

Visa Inc.

Starbucks Corporation

Bloom Energy Corporation

Robinhood Markets, Inc.

NVIDIA Corporation

Advanced Micro Devices, Inc.

The Coca-Cola Company

General Motors Company

Spotify Technology S.A.

United Parcel Service, Inc.

Corning Incorporated

Daily review and forecast of events on the U.S. stock market from Mikhail Denislamov, Deputy Director of Capital Markets Research, Freedom Broker.

Morning in New York: Fed rate hike and megacaps

In trading on April 29, Mark crude oil with delivery in June jumped more than 3% at the moment, reaching a peak of $115.43 per barrel. This is the highest in the last month, Reuters <a href="https://www.reuters.com/business/energy/oil-rises-reports-us-will-extend-iran-blockade-prolonging-mideast-supply-2026-04-29/">points out</a>. At the time of publication, Brent has slowed down a bit - traded at $114.57 per barrel. North American WTI, meanwhile, adds almost 3.5% against the previous close and costs $103.4.

Brent crude oil peaks for the month amid fears of a prolonged blockade of the Strait of Hormuz

Contrary to the status of "safe harbor", for the last two months - since the beginning of the military conflict between the U.S., Israel and Iran in late February - gold has lost almost 11% of its value. However, analysts are confident: the precious metal will grow, <a href="https://www.marketwatch.com/story/gold-prices-have-lost-nearly-11-since-the-iran-war-began-reasons-to-buy-the-metal-are-piling-up-again-87cc5158?mod=newsviewer_click_seemore">writes</a> MarketWatch.

Gold has lost almost 15% in two months of war. Why do analysts expect it to rise?

The United Arab Emirates (UAE) announced its withdrawal from the Organization of the Petroleum Exporting Countries (OPEC and OPEC+), Reuters <a href="https://www.reuters.com/markets/commodities/uae-says-it-quits-opec-opec-statement-2026-04-28/">writes,</a> pointing out that such a move would be a serious blow to the group and its de facto leader - Saudi Arabia - amid the ongoing war in the Middle East. As of February 2026, the UAE was OPEC's third-largest oil producer after Saudi Arabia and Iraq, CNBC <a href="https://www.cnbc.com/2026/04/28/uae-opec-oil-iran.html">specifies</a>.

Arab Emirates withdraws from OPEC and OPEC+

The first shipment of liquefied natural gas (LNG) since the war in the Middle East began two months ago appears to have left the Persian Gulf after passing through the Strait of Hormuz, Bloomberg <a href="https://www.bloomberg.com/news/articles/2026-04-28/first-lng-shipment-since-iran-war-began-appears-to-exit-hormuz?srnd=homepage-europe">writes,</a> citing ship tracking data.

The first LNG tanker in two months of war has left the Persian Gulf. What about prices?

Sanmina Corporation

Nucor Corporation

Erasca, Inc.

Revolution Medicines, Inc.

Rambus Inc.

Celestica Inc.

Amkor Technology, Inc.

Apple Inc.

Organon & Co.

POET Technologies Inc.

Marvell Technology, Inc.

Domino's Pizza, Inc.

Oruka Therapeutics, Inc.

Joby Aviation, Inc.

Verizon Communications Inc.

Morning in New York: markets cautious ahead of Fed meeting and reports

Goldman Sachs has raised its oil price forecasts for this year due to production cuts in the Middle East, Reuters <a href="https://www.reuters.com/business/energy/analysts-reassess-oil-price-estimates-iran-conflict-disrupts-markets-2026-04-27/">writes</a>. In the most negative scenario, the bank's analysts admit that in the fourth quarter it will average $120 per barrel, <a href="https://www.ft.com/content/448b06dd-6f8e-455a-add8-3d64e9d96d8b">reports the</a> Financial Times. Supplies through the Strait of Hormuz will only recover by the end of June, Goldman predicted. It previously expected full exports to return in mid-Ma.

Goldman admits oil at $120: he expects supply to recover no sooner than the end of June