WS #12004
No material new developments in the last 30 minutes. The US-Iran conflict narrative remains unchanged with no de-escalation signals or counter-signals. The situation is stable at a high level of escalation.
Topics
Key developments
- US launches third consecutive night of strikes against Iran; Trump imposes 20% toll on Strait of Hormuz cargo
- Oil surges ~10%: Brent above $83, WTI above $78 on Strait of Hormuz blockade and toll
- Iranian state TV reports explosions on Kish Island and Bandar Abbas; Iran targets US facilities in Kuwait with drones
- Trump formally notifies Congress US is at war with Iran
- Dark pool prints: $157M META buy, $133M QQQ buy, $124M EWZ buy, $252M EWY buy
- Netanyahu announces plans to merge Pentagon and Israeli military
- Russian oil refining hits 20-year low due to Ukrainian strikes
- US employs armed naval drones in combat for first time against Iran