WS #7780
No genuinely new market-moving developments have emerged in the last 30 minutes. The dominant narrative remains the de-escalation of the Iran Strait of Hormuz crisis, with tanker movements and diplomatic progress continuing as previously reported. No counter-signals or non-dominant-narrative developments have surfaced to alter the prevailing outlook.
Key developments
- Two Chinese supertankers exit Strait of Hormuz carrying ~4 million barrels of crude
- UK eases sanctions on Russian oil refined in third countries
- US Senate advances resolution to curb Trump's war powers on Iran
- Nvidia heads into earnings with largest short position in SPX
- Samsung workers set for 18-day strike starting tomorrow