WS #5105
No genuinely new market-moving information has emerged in the last 10 minutes. The narrative remains focused on the escalation of U.S. sanctions on Iran and its implications for oil markets, as previously detailed, with no significant counter-signals or de-escalation developments to report.
Key developments
- U.S. tightens oil blockade on Iran, not renewing licenses for Russian and Iranian oil purchases
- S&P 500 hits new all-time high for first time since January
- Morgan Stanley raises price targets on multiple energy services companies including SLB, Halliburton, Liberty Energy
- Freedom Forever files for bankruptcy as U.S. solar industry distress deepens