Overview
- - Energy giants, which reported Friday, detailed demobilizations and margin pressure as SLB withheld its full‑year outlook and Baker Hughes struck a cautious tone despite stronger orders and EBITDA.
- - Baker Hughes said the conflict has removed about 10% of global oil supply and disrupted roughly 20% of LNG flows, and its CFO warned the Strait of Hormuz may not reopen until the second half of 2026.
- - PulteGroup posted $3.3 billion in Q1 home sale revenue with 24.4% gross margin, lifted build‑to‑order to 43% of net new orders, invested $1.3 billion in land, and kept its 28,500 to 29,000 closings guide with effectively zero net debt.
- - Regional banks reported loan and deposit growth, widening net interest margins, solid credit metrics, and active capital moves, with OceanFirst advancing its Flushing merger and Glacier targeting a 4% margin in the second half of 2026.
- - The Strait of Hormuz is a chokepoint that carried a large share of the world’s oil before the war, so its constraint forces longer shipping routes, higher costs, and risk premiums that could later steer more investment to North America and deepwater projects.