WS #6462
No material new developments in the last 30 minutes. The dominant narrative of US-Iran escalation and oil market disruption remains unchanged, with no counter-signals or de-escalation reported.
Key developments
- Trump Announces 'Project Freedom' to Escort Ships Through Strait of Hormuz Starting Monday
- Iran Lawmaker Says Strait of Hormuz Will Not Return to Pre-War State
- OPEC+ Agrees to 188,000 bpd Output Increase for June; UAE Exits OPEC
- Spirit Airlines Ceases Operations, Cancels All Flights
- Apple Beats Q1 Estimates, Drops Net Cash Neutral Target Ahead of CEO Transition