WS #6779
No material new developments in the last 30 minutes. The dominant narrative of escalating US-Iran conflict and oil supply disruption remains unchanged, with no counter-signals or de-escalation reported. All previous key developments are still active and carry forward.
Key developments
- US and Iran exchange fire in Strait of Hormuz; Trump says ceasefire intact
- Ukrainian drones strike major Russian oil refinery in Yaroslavl
- IAG issues profit warning on €2bn extra fuel costs from Iran war
- SoftBank cuts OpenAI-backed loan target to $6B
- UK Labour Party punished in local elections; Reform gains