Live from the Nazak market's

in the heart of New York City's Times Square,

this is fast money.

Here's what's on top tonight.

Crude cruises higher.

Black gold hitting levels not seen in nearly two years

as the conflict in Iran disrupts global oil supplies.

We debate the impact of this having on equity markets

and how to trade all the moves.

Plus the private credit witch hunt,

while the co-CEO, one top

player in the space says concerns are overblown. And software stocks bucking today's

downtrend in a big way, what is weighing on home builders and home buyers, and health care stocks

under the weather, the moves and big pharma names, and how to trade the space right now. I'm Melissa Lee,

coming to you live from Studio B at the NASDAQ. On the desk tonight. Tim Seymour, Carter Braxton-Worth, Guy Adami, and Julie Beale. We start off with the washout on Wall Street. Stocks more than wiping out yesterday's gains, though did closing well off the lows of the day. The Dow shedding over 1,000 points earlier in the session. The surge in energy prices playing a major role. WTI crew topping $82 for the first time since July

2024, now up nearly 20 percent this week. And gas buddy data showing the average price of a

gallon in the United States has risen more than 12 percent over the last month. Rising fuel

costs, slamming parts of the market with heavy energy exposure.

The NICSI airline indexed down more than 6% today, while the industrials and metals each lost more than 2%.

Meanwhile, interest rates back in the spotlight, the 10-year yield hitting its highest levels in three weeks.

So it's today's action a sign that

investors are waking up to just how much disruption the war in Iran could cause. What do you think, Tim? I think that's right. I mean, we talked about geopolitics for a year and a half, but we didn't really talk about what it meant. And I know that seems crazy. But the fact that energy is at the center. And, you know, you talk about also the aluminum prices are soaring because 15 to 20 percent of the world smelting

...