Live from the NASDAQ market site in the heart of New York City's Times Square, this is fast money.

Here's what's on top tonight.

Stocks dropping today and oil settling at its highest level in nearly four years, all the headlines driving the market moves and had a position for what's to come.

And Adobe dropping after earnings and announcing a CEO transition with reporting season in the books for big software, what have we learned and what's next to these stocks? Plus, 10-year yields hit one-month highs. Eli Lilly sends a warning over its compounded GLP-1s and just don't do it. Nike trading at its lowest level since last April, what's weighing on the longtime leader in athletic wear. And can the stock find its footing now? I'm Melissa Lee. Come to you a lot from studio, B at the NASDAQ, on the desk tonight. Tim Seymour, Dan Nathan, and Guy Dami, the trio, three musketeers. We start off at the sell-off in stocks as energy shockways rippled through the markets. Major indices seeing their lowest closes of 2026 after Iran's new Supreme

Leader said the Strait of Hormuz would remain closed as a way to, quote, pressure the enemy.

The Dow and S&P each off by a percent and a half while the Nazak fell almost 1.8 percent.

Brent crew topping $100 a barrel as shipping disruptions continue, settling at its highest level since August 2022,

while WTI closed above $95. Energy stocks meantime continue to rip higher. The Ex-E closing up nearly

a percent at all-time highs. Treasury's, meanwhile, selling off with a 10-year yield ticking

to 4.26 percent that moves sending rate sensitive sectors lower, home builders

and banks among the hardest at groups today.

For the latest on the Iran conflict, let's get to Amon Javers in Washington.

Amen.

Hey there, Melissa.

We've got some updates here from Treasury Secretary Scott Besson.

He sat down with Sky News as Wilford Frost, who you may remember from his years on CNBC.

And the Treasury Secretary said two important things worth flagging here.

One is that he said that we know that the Strait of Hormuz is not mined presently

because they can watch Iranian oil tankers that are able to make their way through the straits.

So that indicates that it is at least passable

via the mines. He also said that the U.S. Navy will begin to escort ships through the Strait

of Hormuz when that's militarily practical. Now, when that might be, that's another question.

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