WS #11604
The dominant narrative remains the Strait of Hormuz escalation and Ukraine drone campaign, with no material change in the last 30 minutes. No new counter-signals or de-escalation developments have emerged. The previous synthesis accurately captures the current state.
Topics
Key developments
- Iran attacks Qatari LNG tanker and Saudi crude tanker in Strait of Hormuz; oil prices spike
- Ukraine drone strike halts Russia's largest oil refinery in Omsk; Gazprom Neft shares fall
- DeepSeek developing own AI chip; memory chip stocks plunge on AI spending concerns
- JPMorgan raises Apple price target to $345; Apple at fresh high
- SK Hynix plans ~$28B ADR listing on Nasdaq