WS #11637
The US-Iran ceasefire has collapsed. Trump declared the MOU 'over' after fresh US strikes and Iranian retaliation against Bahrain and Kuwait. Oil surged 5% (WTI above $73, Brent above $78), stock futures hit session lows (Dow -0.44%, S&P -0.4%), and European markets slid. Taiwan's central bank revised its average oil price forecast to $90/barrel from $85, citing geopolitical risks. German bonds fell on inflation fears from higher oil. The KOSPI entered bear market territory amid AI selloff deepening. Separately, the EU General Court upheld Apple's gatekeeper designation under the DMA, dismissing all of Apple's actions, which pressures AAPL's App Store revenue model. China warned of back-door risks in Anthropic's Claude Code, escalating US-China AI tensions. SambaNova's $1B raise at $11B valuation and JPMorgan as customer signals continued AI infrastructure demand. The narrative is ESCALATING on US-Iran, with oil supply risks intensifying and risk-off sentiment spreading.
Topics
Key developments
- Trump declares Iran ceasefire 'over'; oil surges 5%, stock futures sink
- EU General Court upholds Apple's gatekeeper designation, dismissing all actions
- China warns of back-door vulnerability in Anthropic's Claude Code, escalating US-China AI tensions
- Taiwan central bank revises average oil price forecast to $90/barrel from $85
- KOSPI enters bear market; Samsung profit soars 19x but shares slump 6.9% on oversupply fears