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Dennis Kissler of BOK Financial stated that if agreements in the Middle East can be maintained and oil supply returns to normal, crude oil prices may face downward pressure this summer. This is because the damaged oil demand may take longer to recover. He also added: “The United States has not been affected by reduced demand to the same extent, as it has not suffered as much impact as parts of Europe and Asia.” With anticipated additional crude oil supply entering the market and global demand remaining relatively weak, “a significant drop in oil prices is likely to occur in the summer.” “The current market may have already priced in this expectation.”

Crude oil prices plummeted, with West Texas Intermediate dropping 13% to $82 per barrel. Cudzil said that this decline "will allow the market to look through the recent inflation shock." According to CME Group's "FedWatch" tool, the probability of the Federal Reserve cutting rates at least once before December has risen from 30% yesterday to 50%. The probability of maintaining the current interest rates is 50%, lower than the previous 71%. The yield on the 10-year US Treasury note stands at 4.236%, poised to reach the lowest settlement level in a month.

UBS analysts mentioned in a research report that after recent discussions with a major US cruise retailer, they learned that ongoing conflicts in the Middle East have had a limited impact on cruise demand. However, this retailer also noted that not all retailers are as optimistic as he is. Performance over the past 30 to 40 days has been mixed: cruises on Caribbean routes "performed exceptionally well," while Alaska routes have benefited from a shift in demand. The analysts pointed out that there has been some hesitation in demand for Eastern Mediterranean routes, prompting cruise companies to intensify promotional efforts. They added that these promotions primarily increase non-cash value, such as offering airline points, rather than simply cutting prices. Previously, Iranian Foreign Minister Abbas Araqchi announced the opening of the Strait of Hormuz, which led to a rise in cruise stocks on Friday.