WS #9410
No material new developments in the last 30 minutes. The dominant US-Iran tension narrative remains unchanged with no new data points, counter-signals, or de-escalation signals. Oil prices continue to fall, but this is a continuation of the prior trend. No new MAG7-specific signals or contradicting narratives emerged.
Key developments
- Trump blames Iran for downing US Apache helicopter, demands retaliation; US Central Command says cause under investigation
- EIA projects oil flows through Strait of Hormuz will restart in Q3 2026
- OpenAI files confidentially for IPO, joining AI IPO wave
- Wells Fargo warns AI rally faces 'imminent' threat from token cost surge
- Intuit reports FY26Q3: majority of savings from 17% job cut to flow to bottom line
- Large dark pool order for SPY: 251,381 shares at $739.28 ($185.84M)
- Anthropic launches Claude Fable 5 with topic-based safeguards, double the price of Opus