WS #6191
No material new developments in the last 30 minutes. The dominant narratives remain unchanged: Iran war/Strait of Hormuz closure, oil price spike, UAE OPEC exit, Starbucks earnings beat, OpenAI growth miss, and Fed rate hold expectations. No counter-signals or de-escalation detected.
Key developments
- UAE to exit OPEC on May 1, weakening cartel's grip on oil markets
- Starbucks delivers massive beat-and-raise, comps surge 6.2%
- Tech selloff deepens on AI spending doubts; NVDA, AMD hit
- Robinhood Q1 revenue misses, crypto revenue plunges 47%
- GM raises 2026 guidance on expected $500M tariff refund
- China blocks Meta's $2B+ acquisition of AI startup Manus
- UK faces £35bn economic hit and recession risk from Iran war
- US sanctions 35 entities for aiding Iran's sanctions evasion; warns Chinese teapot refineries