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[MARKET UPDATE] Crude continues ticking higher and closes the gap seen at the open following the UKMTO report of an incident 78 NM north of Fujairah, UAE; WTI Jun top end of 99.11-102.26/bbl range, Brent Jul top end of 105.55-108.80/bbl range

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U.S. Markets

Eli Lilly (LLY) Q2 2026 (USD): Adj. EPS 8.38 (exp. 6.01), Revenue 23bln (exp. 20.7bln)

LLYGeopolitics

Gulf official tells CNN “50:50” chance US and Iran could reach deal by Friday, CNN reports; Iranian delegation does not include IRGC, which would need to sign off on details of provisional agreement

Geopolitics

The draft agreed to by Iranian and Omani negotiators awaits final approval from Iran’s supreme leader, two regional officials told The Associated Press on Wednesday