WS #7712
No material new developments in the last 30 minutes. The dominant narrative remains the Iran conflict and energy supply squeeze, with no new data points to escalate or de-escalate the situation. Markets continue to reflect the same pressures as previously reported.
Key developments
- Trump threatens further military action against Iran while also saying Iran is 'begging to make a deal'
- NATO weighs mission to reopen Strait of Hormuz; top commander says US will withdraw 5,000 troops from Europe
- US Treasury announces new sanctions targeting Iran; OFAC sanctions pro-Hamas flotilla
- Oil prices fall after Trump pauses planned Iran strike
- Nasdaq 100 falls on chipmaker rout; Seagate leads memory stocks lower on capacity warning
- CrowdStrike shares hit all-time high on bullish analyst commentary
- China agrees to buy $17B in US farm goods and 200 Boeing planes
- Ukraine launches large drone barrage towards Russia