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Iran, Oman Near Strait of Hormuz Shipping Deal; Cyberattacks Hit Wall Street
Tehran and Muscat near a Strait of Hormuz shipping deal as Wall Street faces sophisticated cyberattacks on major funds; markets waver amid tech weakness and investors eye US-Iran talks and Friday’s US jobs report.
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What stands out
Bloomberg reports Iran and Oman are near an agreement to open a shipping route through the Strait of Hormuz while a wave of sophisticated hackers probes Wall Street firms; markets drifted as investors awaited the United States (US) jobs report. For a retailer like Target (TGT), that mix matters: energy or shipping disruptions squeeze logistics and margins, cyber intrusions raise the bar for information-technology spending and operational risk, and a weaker jobs print could cool the consumer demand that underpins sales.