WS #5501
No genuinely new market-moving information has emerged in the last 10 minutes. The dominant narrative remains the US-Iran conflict escalation and its impact on oil prices and risk sentiment, with no material updates or counter-signals to alter the previous assessment.
Key developments
- US seizes Iranian vessel near Strait of Hormuz, Iran rejects talks, oil prices surge ~5%
- Michael Saylor's Strategy buys $2.54 billion Bitcoin, largest since late 2024
- Tesla Robotaxi expansion in Dallas and Houston reported as slow with limited service
- Ukrainian drone strike hits Tuapse oil refinery in Russia, causing major oil slick
- SEC and CFTC propose to narrow hedge fund reporting requirements
- Bank of Canada surveys show war hitting inflation expectations, reinforcing stagflation fears