WS #13185
No material new developments in the last 30 minutes. The dominant US-Iran conflict narrative remains unchanged with no new escalation or de-escalation signals. The AI trade bifurcation (Apple weakness vs. Amazon/Microsoft strength) persists without fresh data points. No new counter-signals or non-dominant-narrative developments have emerged.
Topics
Key developments
- Iran declares Strait of Hormuz impassable and strikes US-escorted tankers
- Apple plunges ~7% on memory chip shortage, losing ~$400B market cap
- Amazon surges ~15% on AWS growth, raises FY26 capex to ~$220B
- US Treasury reportedly intervenes to support yen, first time since 2011
- Fed's Warsh considers reducing meeting frequency, adding policy uncertainty
- Russia launches massive missile/drone attack on Kyiv; Ukraine runs out of Patriot interceptors
- Ukrainian drones strike Russia's Ufa oil refinery, tightening oil supply