WS #7124
No material new developments in the last 30 minutes. The Iran conflict escalation, Kevin Warsh confirmation, and chip selloff narratives remain unchanged. No counter-signals or de-escalation detected.
Key developments
- Kuwait foils IRGC infiltration attempt on Bubiyan Island, captures four IRGC members
- Pentagon updates Iran war cost estimate to $29bn, confirms 39 US aircraft lost
- Senate confirms Kevin Warsh to Fed Board on 51-45 party-line vote; Fed Chair vote likely Wednesday
- Qualcomm falls 11% on profit-taking despite $20B buyback; Intel guides sector lower
- Large SPX call block (1,100 contracts at $6000 strike, $151.2M premium) suggests institutional hedging for upside
- Brent crude spot prices surge past futures; DOE releases 17.5M barrels from SPR