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Stocks hit as memory names slump and oil rallies on geopolitics - Newsquawk US Market Wrap

REAR VIEW: Iran attacks ships in Strait of Hormuz, including Qatari & Saudi vessel; US Treasury revokes Iran-waiver; US say Iran actions will be met with consequences; Japan Economy Minister rejects reports of pushing for lower rates; Deepseek is reportedly developing its own AI chip; AMZN files for 8-parter; US trade deficit widens; Fed's Williams said monpol is in a good place; UK Reform leader Farage resigns as MP, calling Clacton-on-Sea by-election; NY Fed SCE rise; Stellar 3-year note auction.