WS #5400
No genuinely new market-moving information has emerged in the last 10 minutes. The narrative remains locked on the Strait of Hormuz escalation and related energy supply risks, with no counter-signals or de-escalation developments reported.
Key developments
- Iran closes Strait of Hormuz, threatens prolonged closure until US lifts blockade
- US launches airstrikes on Iranian nuclear facilities at Fordow and Natanz
- Samsung to produce Tesla's AI5 chip at 2nm, tape-out completed for 3nm chip
- Intel and Marvell show strong tech momentum with over 50% gains vs SPY
- Global oil supply hit by 500 million barrel loss amid Iran war
- Ukraine continues strikes on Russian oil infrastructure, compounding energy risks
- Fed Chair appointment delayed due to political hurdles, adding policy uncertainty