WS #12341
The US-Iran conflict continues to escalate with a seventh consecutive night of US strikes and Iranian retaliation targeting infrastructure in Kuwait, Bahrain, and Jordan. Iran has struck a Kuwaiti security academy, water desalination plants, and a US airbase in Jordan, while threatening to destroy regional energy and water infrastructure. The Strait of Hormuz remains effectively closed, and oil prices are expected to surge further. Separately, Ukrainian drone strikes hit Russian oil depots and Wildberries logistics hubs, causing fatalities and fires. On the tech side, Netflix gapped down 7% on heavy volume, Meta's capex forecast of $125-145 billion for 2026 spooked investors, and Apple raised prices on Apple Music and iCloud+ globally. The overall narrative arc is ESCALATING for geopolitics and BEARISH for tech, with no de-escalation signals detected.
Topics
Key developments
- Iran strikes Kuwaiti security academy, water plants, and US airbase in Jordan; Strait of Hormuz remains closed
- Ukrainian drones hit Russian oil depot and Wildberries logistics hubs near Moscow, causing fires and fatalities
- Netflix gapped down 7% on 142M shares, biggest volume in 30 bars
- Meta raises 2026 capex forecast to $125-145 billion, stock falls 2.67%
- Apple raises Apple Music and iCloud+ prices globally; faces DOJ antitrust lawsuit and widens OpenAI trade secret fight