WS #11969
No material new developments in the last 30 minutes. The dominant narrative of US-Iran Strait of Hormuz escalation remains stable with no counter-signals or de-escalation. Apple's all-time high and SpaceX decline are unchanged. No new data points to report.
Topics
Key developments
- Trump reinstates Strait of Hormuz blockade, announces 20% cargo fee
- Oil prices surge >4% as US-Iran tensions escalate
- SpaceX stock sinks 4.1% to $139.14, nearing $135 IPO price
- Apple reaches new all-time high of $322
- OPEC cuts 2026 oil demand growth forecast to 780k bpd, raises 2027 to 1.94M bpd