Citigroup

Oil prices extended their rally as new Strait of Hormuz shipping fees and renewed blockade threats around Iranian ports intensified supply disruption concerns. Technical traders are watching WTI resistance at $88 and Brent momentum toward $90, with $100 emerging as a higher-risk breakout target.

Major brokerages have begun formal coverage of SpaceX after the 25-day post-IPO quiet period expired, with most firms issuing buy-equivalent ratings. Price targets range from $205 to $800 as analysts focus on launch services, Starlink broadband and government contracts.