WS #12084
No material new developments in the last 30 minutes. The US-Iran conflict remains escalated with no new reports of airstrikes or countermeasures. IBM's profit warning and cooling inflation data are unchanged. No counter-signals or non-dominant-narrative developments emerged.
Topics
Key developments
- US-Iran military conflict escalates: US resumes naval blockade in Strait of Hormuz, Iran targets US bases with drones
- IBM plunges 25% on preliminary Q2 miss, worst drop since 1968
- US June CPI falls 0.4% month-over-month, annual rate 3.5% vs 3.8% expected, reducing Fed rate hike odds
- Trump drops 20% Hormuz transit fee, replaces with Gulf investment deals
- Iranian army says drone operations against US bases will continue until 'final victory'
- Bulk carrier Luni sinks in Strait of Hormuz after hull fracture
- Gold prices surge following sharp drop in US inflation
- India successfully reroutes over 70% of crude imports away from Strait of Hormuz