WS #6758
No material new developments in the last 30 minutes. The US-Iran conflict narrative remains dominant with early de-escalation signals from Trump's ceasefire comments, but no new data points have emerged to change the assessment. The tariff ruling and earnings moves from the previous window are still relevant but unchanged.
Key developments
- US and Iran exchange strikes in Strait of Hormuz; oil jumps 3% to $97.68
- DOJ investigating suspicious oil trades ahead of Iran war news
- US trade court strikes down Trump's 10% global tariff as unconstitutional
- Cloudflare (NET) falls 18% after-hours on AI-driven 20% workforce cut despite earnings beat
- CoreWeave (CRWV) drops 10% on light Q2 revenue guidance
- Coinbase (COIN) falls 4% after surprise Q1 loss of $1.49 per share
- IREN surges on $2.1B Nvidia investment deal for AI data centers
- Bill Holdings (BILL) jumps 7.5% after announcing 30% workforce reduction