The past hour's key development is the expansion of the conflict involving Iran, which has now spread to both the Red Sea and the Caspian Sea following a Ukrainian strike on a cargo ship that resulted in a casualty. While Tehran warns of potential escalation, the United States has maintained a posture of restraint, leaving the Gulf region currently quiet. Outside of this geopolitical activity, the financial sector saw Bank of America raise price targets for cybersecurity firms, signaling analyst confidence in the industry's long-term growth prospects.