WS #4775

The data dump reveals a critical de-escalation in the Iran-US conflict, with Iranian state-affiliated media reporting that another round of negotiations will likely be held tonight/tomorrow, and a separate jetstream.bsky.priority message confirming US-Iran negotiations have resumed after a two-hour break. This directly counters the previous narrative of active military escalation and dampens the bullish energy price spike thesis. However, this is offset by a significant escalation in the Russia-Ukraine conflict: Ukrainian drones have struck strategic oil infrastructure in Russia's Krasnodar region ahead of an Orthodox Easter ceasefire, which could disrupt global energy supplies and add upward pressure to oil prices. Additionally, a GDELT report confirms US gasoline prices have surged over 20% in March due to the Iran war, the largest monthly increase in six decades, directly impacting inflation and consumer spending. This corroborates earlier warnings of jet fuel shortages in the EU. In corporate developments, SiFive, a RISC-V chip designer backed by Nvidia, has raised $400 million at a $3.65 billion valuation, signaling continued investor appetite for AI and chip infrastructure. Meanwhile, Ryanair warns of potential summer flight cancellations and price hikes due to high kerosene prices, highlighting second-order effects on the airline sector.