WS #6837
No material new developments in the last 30 minutes. The dominant narrative remains unchanged: risk-on rally driven by strong jobs data and AI optimism, with geopolitical tensions (Iran, Strait of Hormuz) still elevated but no new escalations or de-escalations. Gold holds above $4,700/oz, oil supply disruption continues. No counter-signals or non-dominant-narrative developments surfaced.
Key developments
- Iran adviser says Strait of Hormuz control as valuable as nuclear weapon
- CENTCOM strikes tankers violating naval blockade near Iran
- Gold holds above $4,700/oz, supported by Chinese central bank buying
- Amazon and Novo Nordisk offer same-day Ozempic delivery
- Trump Media & Technology Group reports Q1 results