WS #9384
No material new developments in the last 30 minutes. The dominant narrative remains the US-Iran conflict and Strait of Hormuz blockade, with the ceasefire proposal still the key counter-signal. No new data points or changes to the previous synthesis.
Key developments
- Iran submits draft ceasefire proposal to US; oil falls as Israel-Iran attacks halt
- Apple scraps AI-powered Siri launch in EU over regulatory clashes
- Tech sector (XLK) drops 3.3% in past hour; retail traders buying calls on the way down
- Moody's chief economist warns US economy teetering on recession
- EU proposes 21st sanctions package targeting Russian energy, banks, crypto