US & Iran in Hormuz Standoff, ASML's New Gear 'Too Expensive' for TSMC | Daybreak Europe 4/23/2026

Summary

The video covers the Iran-US standoff in the Strait of Hormuz driving oil above $100, TSMC's decision to delay ASML's expensive machines, EU leaders meeting on energy crisis, and Tesla's $25B capex push into AI. Markets show caution with equity futures down and oil prices spiking, while chip sector faces first negative news in weeks.

• Oil prices surge above $100 as US and Iran remain locked in a standoff over the Strait of Hormuz.
• TSMC says ASML's latest chipmaking machines are too expensive and delays deployment until at least 2029.
• EU leaders meet in Cyprus to address the energy price shock, with €22 billion in higher costs already incurred.
• Tesla announces plans to spend $25 billion on AI and robotics, including a new chip factory in Texas.
• Equity markets open lower in Europe and S&P futures decline after record closes, driven by oil spike.
• European car registrations jump 11% in March, the strongest increase in two years, led by EVs.
• Scott Bessent says conflict will end and gasoline prices will return to pre-crisis levels.
• PMI data for April expected to show contraction in France and borderline readings for Germany and Eurozone.