Ceasefire Over? Iran Volatility Strikes Wall Street, AAPL Signs $30B AVGO Deal

Markets were under pressure after President Trump said the U.S.-Iran ceasefire was effectively over, following renewed strikes in the Strait of Hormuz and concerns over disruptions to global oil supplies. Crude futures jumped nearly 6% and settled around two-week highs near $74-$75 a barrel, lifting yields and the dollar while weighing on airlines and cruise lines. The video also highlighted Apple’s deepening partnership with Broadcom: the companies reportedly signed a multi-year deal expected to exceed $30 billion, with Broadcom expanding its Colorado facility and Apple seeking to secure chip supply through 2031. Apple shares were near all-time highs, while the broader tone remained cautious. Separately, Alibaba rallied after upbeat earnings-related commentary and growing AI demand, though reports that China may restrict overseas access to AI models could cap enthusiasm. Overall, the market impact centers on geopolitics driving energy volatility and tech supply-chain/AI developments supporting select megacap and China tech names.