WS #10936
No genuinely new material developments in the last 30 minutes. The dominant narrative of Russia-Ukraine energy escalation, U.S.-Iran tensions, and European heat wave remains unchanged with no counter-signals or de-escalation. All key developments are carry-forwards from the previous window.
Topics
Key developments
- Putin bans gasoline and kerosene exports after Ukrainian drone strike on Slavyansk oil refinery
- U.S.-Iran diplomacy talks called off; Iran rejects Israel-Lebanon ceasefire framework
- European heat wave causes over 1,300 excess deaths; France reports ~1,000 additional deaths
- Bank of America warns of summer stock market pullback; risk aversion increasing
- Micron's blowout earnings fail to sustain rally; chip sector volatility continues