WS #6307
No material new developments in the last 30 minutes. The dominant narrative remains the escalating US-Iran conflict with the Strait of Hormuz blockade, and no counter-signals or de-escalation have emerged. All previously reported themes continue unchanged.
Key developments
- Trump administration claims Iran war 'terminated' under War Powers Resolution
- DHS shutdown ends after 75 days; Trump signs funding bill
- Apple Q2 revenue $111.2B, EPS $2.01, $100B buyback; warns of chip shortages
- Oil prices surge above $120/bbl as Strait of Hormuz blockade continues
- Fertilizer prices up 80% since Iran war began; Yara CEO warns of 10 billion meals at risk per week
- Eurozone GDP slows to 0.1% Q1, inflation jumps to 3%
- Japan April manufacturing PMI hits 55.1, highest in 4 years
- US Q1 GDP grows 2.0%, jobless claims at 50-year low