WS #11994
The US-Iran conflict narrative remains dominant but no new material developments have emerged in the last 30 minutes. The situation is STABLE with no escalation or de-escalation signals. Oil prices are consolidating after the previous surge. No counter-signals or non-dominant-narrative developments have surfaced.
Topics
Key developments
- Trump declares US 'Guardian of the Strait of Hormuz', imposes 20% cargo fee
- Oil prices surge 8%+ as Strait of Hormuz blockade reimposed
- Fed rate hike odds rise to 41% for July as oil spike fuels inflation fears
- Federal judge voids Trump's $1.8B IRS settlement, refers lawyers for discipline
- Apple sues OpenAI for trade secret theft; chip selloff deepens on SK Hynix plunge
- 12 US states sue to block $110B Paramount/WBD merger
- Hydro-Quebec power line to NYC trips offline for second time in July
- Trump to address nation Thursday at 9 PM ET