WS #8917
No material new developments in the last 30 minutes. The dominant narrative remains the escalating Iran-US conflict with oil price pressures, partially offset by Iraq's oil field restart. No counter-signals or de-escalation events detected.
Key developments
- Iran-US conflict escalates: missile/drone attacks on Kuwait and Bahrain; Trump says he initiated war
- Iraq restarts key oil fields, output back to ~1.5-1.6 mb/d
- Ukraine strikes St. Petersburg oil terminal and warship; Russia ramps up drone production
- Meta launches AI-powered Business Agent; Nvidia confirms Meta AI opportunity
- Applied Aerospace shares rise 3.75% after $650M US IPO
- Brazilian stocks see fastest foreign outflows in six years in May
- IAEA warns Iran nuclear risk has increased since US-Israeli strikes