WS #9392
No material new developments in the last 30 minutes. The dominant narrative remains unchanged: oil de-escalation continues with WTI holding near $87.44, geopolitical tensions stable, and equity macro bearish. No counter-signals or new data points to report.
Key developments
- Oil plunges ~$4/bbl as US signals Strait of Hormuz de-escalation and Kuwait resumes crude exports
- JPMorgan strategist expects US CPI above 4%, adding bearish pressure on equities
- Apple slides >8% as WWDC AI reveal fails to sustain momentum; EU rejects Siri AI exemption
- Salesforce lays off more employees including AI product teams
- Kuwait offers first crude cargoes to Asia since Iran war began, signaling supply normalization