WS #9599
No genuinely new market-moving developments have emerged in the last 30 minutes. The dominant narrative remains the US-Iran de-escalation, which was already fully captured in the previous synthesis. No counter-signals or non-dominant-narrative developments have surfaced.
Key developments
- Trump cancels strikes on Iran, claims deal imminent; oil extends decline
- SpaceX IPO priced at $135, $75bn raise, ~$1.75-1.8tn valuation
- Strait of Hormuz tanker traffic collapsed; Frontline CEO sees quick recovery if deal reached
- US energy inflation +23.5% YoY in May; gasoline +40.5%