WS #13480
No material new developments in the last 30 minutes. The dominant narrative remains the Strait of Hormuz reopening talks, with no new data points beyond what was previously reported. No counter-signals or de-escalation have emerged. The situation is stable, with oil prices and related assets continuing to reflect the ongoing uncertainty.
Topics
Key developments
- Iran and Oman agree on Hormuz shipping route; 60-day interim deal possible within 48 hours
- Alphabet shares fall ~4% as Jeff Dean departs and Hassabis steps down as DeepMind CEO
- SpaceX shares drop ~12% after first earnings show $15.8B AI capex and lock-up expiry
- Bloomberg: OpenAI accounts for ~70% of Microsoft's AI sales, $24.1B in fiscal 2026
- China blacklists six US firms and tightens drone export controls in retaliation for US tariffs