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Maritime traffic through the Strait of Hormuz — a vital route for exports of oil, natural gas and other commodities from the Persian Gulf — remains severely constrained by Iran, even after a US-Iran ceasefire took effect on April 8....

Quantum company Infleqtion is set to launch more of its technology into space over the weekend as demand for ways to navigate without GPS grows. Matt Kinsella, CEO of Infleqtion, discusses the company's quantum clocks and why they offer a superior option to quantum computers, for now. He joins Caroline Hyde and Ed Ludlow on “Bloomberg Tech.” (Source: Bloomberg)...

Ship traffic through the Strait of Hormuz remained blocked Thursday, limited to a handful of Iran-linked ships, another sign that a fragile ceasefire between the US and Iran has yet to improve flows through the world's key energy chokepoint. Just seven vessels, all of which have either called at Iranian ports or were carrying Iranian cargo, were observed making the voyage out of the Persian Gulf on Wednesday and into Thursday morning. Normal transits in both directions are more like 135 a day. Michelle Brouhard, Head of Policy and Geopolitical Risk at Kpler joins to discuss what this means for oil market moving forward. (Source: Bloomberg)...

Natasha Hall, associate fellow at Chatham House, said the negotiations on the ceasefire in the Iran war are complicated by fundamental issues that have driven conflict in the region for years. Israeli Prime Minister Benjamin Netanyahu says that he has agreed to direct talks with Lebanon.  Stating that “In light of Lebanon's repeated calls to open direct negotiations with Israel, I instructed the Cabinet yesterday to open direct negotiations with Lebanon as soon as possible” The negotiations will focus on disarming Hezbollah and establishing peaceful relations between Israel and Lebanon. (Source: Bloomberg)...

Sonny McNess, the veteran trader who helped build such massive aluminum positions at Mercuria Energy Group that the London Metal Exchange was forced to adjust its rules, has left the trading house....

Nova Ljubljanska banka d.d. said it plans to announce a purchase offer for shares in Balkans consumer lending specialist Addiko Bank AG, countering a similar proposal announced less than a day ago by Raiffeisen Bank International AG....

A top Senate Republican is launching an inquiry into Meta Platforms Inc., Amazon.com Inc., X.AI Corp., and five other major tech companies over concerns with their reporting on suspected cases of online child sexual exploitation....

Mexico's central bank's decision to cut interest rates last week faced strong opposition from two of its five board members, who raised concerns about lingering inflationary pressures from the war in Iran....

The world's second-largest ethanol producer Brazil is considering raising the amount of ethanol in gasoline, in a move that would aid consumers facing higher fuel prices while also boosting demand for sugar-cane mills struggling with a biofuel supply glut....

The US Justice Department has opened an antitrust probe into the National Football League, looking at whether its broadcast deals with media companies drive up the costs for consumers, according to people familiar with the matter. The NFL and other sports leagues currently have an antitrust exemption that allows them to negotiate media deals collectively on behalf of their teams under the 1961 Sports Broadcasting Act. But media outlets, regulators and members of Congress have recently highlighted how difficult it is for consumers to be able to watch games amid a labyrinth of streaming, broadcast and cable options. Policy experts have begun to debate whether the act applies to negotiations beyond free broadcast TV distribution. (Source: Bloomberg)...

Nigeria's naira has stayed largely stable through the market volatility sparked by the Iran war, but that came at a cost to the nation's foreign-exchange reserves....

Get a jump start on the US trading day with Matt Miller and Dani Burger on "Bloomberg Open Interest." A fragile truce in the Gulf as President Trump vows to keep US troops in place ahead of high-stakes Iran talks. Oil surges with Goldman warning Brent could top $100 if the Strait stays shut. And gig tech doubles down as CoreWeave and Meta strike another massive AI deal. And billionaire Thomas Peterffy sparks debate, arguing against bans on insider trading. Plus, McCormick's blockbuster move to reshape the global food industry—CEO Brendan Foley joins us in the C-Suite. (Source: Bloomberg)...

First Brands Group's former chief strategy officer asked a judge to dismiss a civil lawsuit that blames him in part for the auto-parts supplier's collapse, arguing that founder Patrick James and his brother, Edward, concealed the alleged fraud that brought down the company....

Intercontinental Exchange Inc. will boost the margins traders have to post for its Brent crude and European diesel futures contracts as the war in Iran sends volatility surging across commodity markets....

Prior cyber-espionage campaigns resulted in the theft of sealed records from US courts....

Royal Bank of Canada is starting a growth fund to invest as much as C$1 billion ($723 million) in Canadian businesses, with the aim of fighting a trend of entrepreneurs leaving the country to access foreign capital....

A local prosecutor is investigating a video posted on social media that appears to show a person setting fire to the California warehouse full of Kimberly-Clark Corp. toilet paper that was destroyed earlier this week....

President Trump says US troops will remain in the Persian Gulf ahead of talks with Iran, while Tehran warns attacks on Lebanon could make negotiations meaningless. Dana Stroul, Director of Research at the Washington Institute and former Deputy Assistant Secretary of Defense for the Middle East, says we're now in a "fog of diplomacy and a fog of war." She joined Bloomberg Open Interest. (Source: Bloomberg)...

Data-center operator CloudHQ plans to raise $1.4 billion through US asset-backed securities backed by a pair of Virginia facilities leased to undisclosed hyperscalers....

America's wheat supplies are expanding as imports rise even as farmers plant less of the staple grain, according to the US Department of Agriculture's latest monthly outlook....