Markets react to Trump's Hormuz pause and Iran diplomacy push, while tech stocks reach dot-com era highs and major U.S. companies face mixed earnings results.

President Trump halted a one-day U.S. military operation escorting ships through the Strait of Hormuz, pausing efforts to reopen the critical shipping lane in favor of pursuing a diplomatic deal with Iran to end hostilities.

Oil futures fell after Trump's announcement, as traders reassessed geopolitical risk; however, crude prices remain elevated due to ongoing Middle East tensions affecting global energy supplies.

Iran established a new mechanism to manage vessel transit through the Strait of Hormuz while denying recent drone and missile attacks on the UAE, amid escalating regional military posturing.

Semiconductor stocks reached their highest rolling 25-day performance since March 9, 2000—the day before the dot-com bubble peaked—raising concerns about potential overvaluation in the sector.

Amazon's stock surged toward a $3 trillion market capitalization milestone, needing less than 2% gain to join an exclusive club of only five companies to achieve this valuation level.

PayPal's stock fell after earnings as June-quarter guidance disappointed Wall Street despite signs of momentum in the latest reporting period, signaling investor caution.

Saudi Arabia cut its Arab Light crude oil official selling price for Asia in June, reflecting market adjustments to oil demand and geopolitical developments affecting pricing.

Pakistan's PM directed the Federal Board of Revenue to double enforcement-based revenue generation for next year, while the FBR shut down its foreign asset tracing unit after UAE refused to share data.

Sitara Petroleum raised Rs4.8 billion through an IPO at Pakistan Stock Exchange, demonstrating continued capital market activity despite broader economic pressures.

BellRing Brands shares tumbled nearly 40% as cheaper protein shake alternatives crush the beverage maker's market position, highlighting competitive pressures in the nutrition sector.