Morning Briefing

Today's top global and market-moving headlines for Friday, May 29, 2026, are highlighted by a crucial breakthrough in Middle East peace talks, major stock pre-market movements driven by explosive corporate earnings, and a recovery bounce in the cryptocurrency markets.

🌍 International Affairs & Diplomacy

• U.S.–Iran Ceasefire Deal: Global tensions are rapidly easing following late-night reports that the U.S. and Iran have agreed to extend their ceasefire and lift critical restrictions on commercial shipping traffic. 
• Hormuz Reopening Near: Treasury Secretary Scott Bessent confirmed that a formal agreement to permanently reopen the Strait of Hormuz is within reach, though it still requires final sign-off from President Trump. 
• Oman Warning: The diplomatic landscape remains complex following a highly publicized rhetoric spike where President Trump issued strict warnings to Oman, urging the Gulf nation to fully align with U.S. regional security initiatives.

📉 Wall Street & Pre-Market Setup

• Futures Rise: U.S. equity futures are tracking in positive territory. S&P 500 and Nasdaq 100 futures climbed steadily as geopolitical relief offsets yesterday's sticky 3.3% Core PCE inflation data. 
• Oil Plunges: WTI and Brent crude futures plunged nearly 2%, putting oil on track for an 18% to 19% monthly collapse—its sharpest multi-week drop since March 2020—as the premium from the shipping blockade evaporates. 
• Dell Rockets 40%: Shares of Dell Technologies (DELL) erupted by nearly 40% in pre-market trading after smashing first-quarter revenue estimates by 88% due to historic corporate demand for artificial intelligence hardware infrastructure. 
• Cybersecurity Selloff: Conversely, SentinelOne (S) crashed 20% before the opening bell after issuing weak forward guidance and announcing an 8% workforce reduction to redirect capital into AI software.

🪙 Bitcoin & Crypto Update

• Price Recovery: Bitcoin has successfully bounced back from yesterday's flash crash, climbing 1.8% intraday to trade back at $74,185 as geopolitical safe-haven liquidation pressures run out of steam.
• Solana Outperforms: High-beta layer-1 protocols are leading the morning reversal, with Solana (SOL) gaining 4.2% as digital asset sentiment tracks the broader risk-on move across technology equities.