WS #10766
No material new developments in the last 30 minutes. The dominant narrative remains the de-escalation of the Strait of Hormuz oil supply disruption, with oil flows recovering and Saudi Arabia boosting Red Sea shipments. No counter-signals or new data points have emerged to alter the prevailing thesis.
Topics
Key developments
- Strait of Hormuz oil flows rebound to ~80% of pre-war levels; Saudi Arabia boosts shipments via Red Sea
- Onsemi to acquire Synaptics in $6.2B all-stock deal
- US consumer sentiment final at 49.5 vs forecast 50, near record lows
- VW considering closing up to 4 German factories, cutting 45k additional jobs
- OpenAI IPO timeline pushed to 2027
- Securitize SPAC merger to close July 1, raising ~$400M
- EU Energy Commissioner warns of serious jet fuel supply situation at end of summer
- Apple's touchscreen MacBook to use M5 Pro/Max chips, M7 models in 2027