WS #11147
No material new developments in the last 30 minutes. The dominant US-Iran tensions narrative remains stable with no new data points. Oil prices continue to fall (WTI below $69) as Strait of Hormuz traffic normalizes, contradicting Iran's hawkish rhetoric. No new counter-signals or non-dominant-narrative developments surfaced.
Topics
Key developments
- Iran refuses direct US talks, warns of war; indirect Doha negotiations continue
- Eurozone June inflation drops to 2.8% y/y vs 3.0% expected, core also below forecast
- Nike stock falls to $3 handle, first time since 2014, on sales warning
- Microsoft reportedly planning layoffs of up to 5,700 employees
- Paramount offers EU remedies to secure approval for $110B Warner Bros. Discovery deal