Geopolitical developments in the Middle East and their impact on global energy markets define this hour's activity. Conflicting diplomatic signals have emerged, with President Trump claiming that perimeters for a deal to reopen the Strait of Hormuz have been reached following pressure from Gulf states, even as Israel maintains that no agreement exists to halt its military operations in Gaza. Concurrently, OPEC has announced an increase in oil production to complete the reversal of voluntary supply cuts, though analysts warn that market volatility linked to the U.S.-Iran conflict makes the sector increasingly difficult to navigate. Beyond these core regional developments, other administrative and institutional reports—ranging from Capital One's review of Trump Organization accounts to the Selective Service's digital mobilization simulation—reflect a broader environment of policy shifts and institutional tension.