Oil prices surged past $100 a barrel as the U.S. Navy prepared to blockade the Strait of Hormuz, following failed talks to end the war with Iran. This move is expected to significantly restrict Iranian oil shipments and exacerbate existing supply disruptions. President Trump acknowledged potential high oil and gasoline prices through November’s midterm elections.
Midcap, small cap outperform large caps on margins amid rising input costs
Large-cap firms saw operating margins contract significantly year-on-year. Mid- and small-cap companies experienced lesser margin contractions amid rising costs. These smaller firms also achieved higher