WS #5855
Geopolitical tensions with Iran are escalating rapidly, with multiple countries issuing evacuation advisories for citizens to leave Iran within 24 hours. This follows reports that Witkoff and Kushner are expected to travel to Pakistan to meet Iran's foreign minister for potential deal talks. The situation is fluid and could have significant implications for oil prices and risk assets. Separately, Intel surged 23% on a blowout quarter and AI chip mania, driving the Nasdaq 100 to fresh records. Baker Hughes beat Q1 earnings despite Middle East chaos, rising 4%. P&G reported solid earnings with a confident outlook, rising 3%. Euro-zone inflation likely jumped to the highest in 2.5 years due to Iran war fallout. The US sanctioned Iran-linked crypto wallets after Tether froze $344 million. UK plans new powers to ban state-backed terror groups like Iran's IRGC.
Key developments
- Multiple countries issue evacuation advisories for Iran within 24 hours
- Intel surges 23% on blowout quarter and AI chip mania, Nasdaq 100 hits record
- Baker Hughes beats Q1 earnings despite Middle East chaos, stock up 4%
- P&G reports solid quarter with top and bottom line beats, reiterates guidance
- Euro-zone inflation likely jumped to highest in 2.5 years due to Iran war fallout
- US sanctions Iran-linked crypto wallets after Tether freezes $344 million
- UK plans new powers to ban state-backed terror groups like Iran's IRGC