WS #13759
No material new developments in the last 30 minutes. The dominant US-Iran/Strait of Hormuz narrative remains ESCALATING with no new data points, and no counter-signals or de-escalation have emerged. The Apple-CXMT story is unchanged from the previous cycle. All other data is noise.
Topics
Key developments
- Iran's IRGC says Strait of Hormuz won't reopen until US meets all demands
- Trump privately willing to 'walk away' from Iran war without nuclear deal if Hormuz reopens
- Apple testing memory chips from Chinese CXMT (Pentagon blacklist) for iPhones and MacBooks
- Netanyahu rejects Trump's Gaza plan, insists no withdrawal until Hamas disarms
- Taiwan's cabinet to propose 16% increase in defense spending for 2027, budget above T$1 trillion
- Houthis attack Saudi Aramco refinery in Jizan and Red Sea port of Mokha
- Super Micro Computer reports $60B AI server order backlog, raises gross margin guidance