WS #9549
The US-Iran conflict continues to escalate, with President Trump threatening to strike Iran 'VERY HARD TONIGHT' and seize Kharg Island and other oil infrastructure. Iran has reportedly closed the Strait of Hormuz, and the IRGC has launched ballistic missiles at US assets. A potential de-escalation signal emerged: UAE and Iran are meeting face-to-face to try to de-escalate tensions, per Bloomberg. Separately, Oracle (ORCL) slumped nearly 13% after announcing plans to raise $40B to fund its AI buildout, raising concerns about margin pressure and dilution. Intel (INTC) jumped 5% premarket after BofA upgraded to Buy with a $135 PT. The ECB released mild inflation scenarios (2026 at 2.9%, 2027 at 1.8%), suggesting a dovish tilt. Argentina bonds jumped to record highs on an S&P upgrade. Wolfe raised Micron (MU) price target to $1,250 from $550, citing strong HBM pricing. The World Bank warns two-thirds of global economies face a hit from the Iran war. The dominant theme is ESCALATING, with a tentative counter-signal from UAE-Iran talks.
Key developments
- Trump threatens to seize Kharg Island and strike Iran 'VERY HARD TONIGHT'; Iran closes Strait of Hormuz
- Oracle (ORCL) slumps ~13% on $40B capital raise plan for AI buildout
- ECB mild inflation scenarios signal potential dovish tilt
- BofA upgrades Intel (INTC) to Buy with $135 PT; Wolfe raises Micron (MU) PT to $1,250
- Argentina bonds jump to record highs on S&P upgrade