war ·
Most Gulf bourses end lower as Hormuz attacks hit wartime peak
Most Gulf stock markets finished lower while attacks around Hormuz reached a wartime peak.
What happened
Most Gulf bourses ended lower as attacks in Hormuz reached a wartime peak, according to Reuters.
What it means for the Nasdaq and TQQQ
Attacks around Hormuz can raise concerns about oil shipping through a key global chokepoint, which can affect energy prices and broader risk appetite. Because TQQQ is designed to move about 3x the Nasdaq-100, swings in the index's largest technology stocks can be amplified for the fund.
Originally reported by Reuters. Written up by Quant Paradise from the report's headline; see the original outlet for full details.
Related
- Iran Threatens to Sink US Warships Approaching Strait of Hormuz October 13, 2026
- Iran Rejects U.S. Hormuz Reply, Threatens Regional Tech Infrastructure October 12, 2026
- Iran Leader's Advisor Warns Enemies Will Drown in Strait of Hormuz October 12, 2026
- Iran Says US Accepted Only Some of 7 Cease-Fire Terms, Vows Hormuz Stays Shut October 11, 2026
Education, not investment advice.