WS #12331
No material new developments in the last 30 minutes. The US-Iran conflict narrative remains escalated with no new attacks or de-escalation signals reported. Market conditions (oil spike, equity selloff) persist unchanged. ECB Lagarde resignation story and Apple/Nvidia market cap shift are stale and carry forward from previous cycle.
Topics
Key developments
- Iran launches ballistic missile at US base in Saudi Arabia; IRGC disables four oil tankers in Strait of Hormuz
- Wall Street closes lower; SOX enters bear market; Apple overtakes Nvidia as most valuable company
- ECB President Lagarde may resign before term ends to join French politics
- US crude oil up 15% for the week; Brent closes at $88.10
- Iraq and Syria sign deal to rehabilitate Mediterranean pipeline, bypassing Strait of Hormuz