WS #4738
No genuinely new market-moving developments have emerged in the last 10 minutes. The data remains consistent with the previous narrative, focusing on Iran conflict-driven inflation and Federal Reserve regulatory scrutiny, without any material changes, counter-signals, or de-escalation events.
Key developments
- Strait of Hormuz remains closed with 10M bpd oil loss, gasoline prices up 40%
- EU warns of jet fuel shortages within 3 weeks if Strait of Hormuz doesn't reopen
- CPI hits 3.3% - largest monthly spike in 4 years due to Iran conflict energy prices
- OpenAI CEO Sam Altman's home targeted in Molotov cocktail attack
- US-Iran peace talks begin in Islamabad with major obstacles including Strait closure and Lebanon strikes