Wrap Europe

Gulf GDP could plunge 14% if Hormuz closes; Saudi/UAE see 3-5% hits. Oil tops $103.

Colombia's gas output hits multi-decade lows, forcing costly LPG imports. Venezuela pipeline offers hope, but repairs loom.

Oracle's 18% drop & 20%+ EPS/revenue growth make it attractive. JPMorgan & Barclays set $210/$240 targets.

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OXY up 9% on oil surge, but lags crude gains. Valuation suggests upside if conflict persists.

CVNA's record revenue and net income surge 49% & $1B+, but risks remain. Market share potential is huge.

Middle East conflict fuels oil price spikes to $120/bbl & market volatility. Expect sustained high prices.