WS #9395
No material new developments in the last 30 minutes. The dominant narrative remains the US-Iran escalation and Strait of Hormuz blockade, with no counter-signals or de-escalation reported. Tech selloff continues, but no new catalysts. JM Smucker earnings and Qatar Energy discovery are stale. No new data points to update the previous synthesis.
Key developments
- Trump says Iran shot down US Apache helicopter, vows response
- Nasdaq 100 extends losses to nearly -4% on Iran escalation
- AI hyperscalers issue record $159B in debt YTD
- Kuwait offers crude to Asian buyers for first time since Strait closure
- EU orders Meta to open WhatsApp to rival AI chatbots
- JM Smucker surges 12%+ on strong earnings driven by coffee prices