WS #7581
The dominant Iran crisis narrative continues with no material change in the last 30 minutes. No new developments, counter-signals, or de-escalation signals have emerged. The situation remains stable at an elevated level of tension.
Key developments
- Trump threatens Iran with military action if no stronger deal proposal
- US and China agree to $17B annual agricultural trade deal through 2028
- Strait of Hormuz crisis: WTI at $114.58, diesel over $6/gallon, US ships oil to Australia
- Canada clears path for West Coast oil pipeline build
- NextEra said to discuss paying ~$76 per share for Dominion Energy
- NATO launches largest Europe special forces drill as US reduces allied military support
- US upstream mergers hit $38B in Q1 2026, highest in two years