WS #6196
No material new developments in the last 30 minutes. The dominant narratives from the previous window (UAE leaving OPEC, Iran war escalation, Fed rate decision, corporate earnings) remain unchanged with no new data points or counter-signals.
Key developments
- UAE to leave OPEC effective May 1, plans to boost output to 5M bpd
- Trump says Iran wants end to naval blockade; US Treasury hits Iran's shadow banking
- OpenAI misses revenue and user growth targets, dragging down AI stocks
- Pershing Square raises $5B in US IPO/placement
- Shell warns global crude supply disruption could drag into 2027
- US gas prices hit $4.18/gallon, highest in nearly four years
- King Charles rebukes Trump on checks and balances, NATO, and Ukraine in Congress
- US Senate blocks restrictions on Trump's military action against Cuba