WS #10026
No material new developments in the last 30 minutes. The dominant narrative remains the US-Iran deal with disputed authenticity, G7 summit outcomes, and rotation trade in equities. No counter-signals or de-escalation events detected.
Key developments
- US-Iran draft MOU details emerge: $300B, oil waivers, Hormuz restoration, nuclear deferred 60 days
- Tech rotation: crypto-adjacent stocks surge while cloud mega-caps decline
- US crude inventories at Cushing fall 1.606M barrels, nearly double prior week
- Bitcoin sets $64.5K week-to-date low as Strategy selling worries return
- G7 summit: Japan PM confirms close US-Japan coordination on Indo-Pacific and critical minerals stockpiling
- EU establishes diplomatic channels with Russia, but no substantive discussions
- SpaceX shares extend declines, last down 4%
- ISM reports economic activity to expand through 2026; manufacturing revenue +8.4%, services +8.6%