WS #10228
No material new developments in the last 30 minutes. The dominant signals from the previous window (Strait of Hormuz closure, China indium export controls, Ukraine drone strikes, UK train crash, US-Iran deal fragility, Poland windfall tax, SpaceX stock plunge) remain unchanged with no new data points, counter-signals, or de-escalation. The narrative arc is stable.
Topics
Key developments
- Strait of Hormuz closed; Brent crude at $92/barrel
- China tightens indium export controls, threatening AI chip supply chains
- Poland approves 60% windfall tax on oil companies
- SpaceX stock plunges 20%+ from post-IPO high, erasing $620B
- Ukraine drone strikes hit Moscow refinery and Rostov oil depots