WS #7038
No material new developments in the last 30 minutes. The dominant Iran conflict narrative remains stable with no new escalations or de-escalations. No counter-signals or non-dominant-narrative developments have emerged.
Key developments
- OPEC oil production falls to 20-year low of 20.04 million bpd due to Iran conflict and Strait of Hormuz closure
- Trump backs federal gas tax suspension to blunt surging pump prices
- Israel-Hezbollah ceasefire deteriorating with increased hostilities
- Intel stock extends hot streak on SK Hynix chip-packaging collaboration
- Musk and Cook set to join Trump for Xi summit; Nvidia CEO not invited
- Bipartisan senators urge $14 billion arms sale to Taiwan ahead of Trump-Xi summit
- US auto loan and credit card delinquencies reach all-time highs
- Trump reports positive phone call with Putin