Global stock markets rebounded following a period of volatility, with Micron Technology’s strong sales forecast playing a key role in lifting investor sentiment. The company’s positive outlook highlighted ongoing momentum in AI-driven demand, helping to offset broader concerns about economic slowdowns. At the same time, oil markets showed signs of stabilization, as Brent crude prices returned to levels seen before recent geopolitical tensions. This shift followed diplomatic progress between the US and Iran, which has led to increased maritime activity through the Strait of Hormuz.
In parallel, high-level diplomatic efforts continued, with US Secretary of State Marco Rubio holding talks with officials from the UAE and Kuwait. These engagements focused on reinforcing regional security commitments under the interim peace framework with Iran. Domestically, developments such as Dubai Holding’s strategic initiatives underscored evolving economic dynamics in the Gulf. Together, these factors illustrate how geopolitical shifts and corporate performance continue to shape global financial markets.