WS #10111
No material new developments in the last 30 minutes. The dominant narrative remains unchanged: US-Iran MoU signed, oil supply crisis de-escalated, oil prices plunging, Fed rate hike bets rising, and semiconductor momentum continuing. No counter-signals or non-dominant-narrative developments detected.
Topics
Key developments
- US-Iran MoU signed; Strait of Hormuz reopening confirmed with 12.5M barrels moved overnight
- Ukraine launches largest drone attack on Moscow oil refinery
- Semiconductor stocks surge: MRVL +11.9%, INTC +8.6%, MU +9.3% on analyst calls
- Amazon in talks to sell custom AI chips to data center customers, competing with Nvidia
- Dollar rally extends on Fed rate hike bets; traders price in hike as soon as late next month
- Biogen to acquire RayThera for up to $1 billion, expanding immunology pipeline