WS #6099
No material new developments in the last 30 minutes. The dominant Iran-US conflict narrative remains stable with no new escalations or de-escalations. Oil prices hold around $105-$110/barrel, and no new corporate earnings or policy shifts have emerged. The ceasefire extension continues but no progress on negotiations. Markets appear to be in a holding pattern.
Key developments
- Iran offers conditional opening of Strait of Hormuz; US rejects as 'unacceptable'
- German Chancellor Merz says US being 'humiliated' by Iran, lacks strategy
- Cole Tomas Allen charged with attempted assassination of President Trump
- Microsoft and OpenAI renegotiate deal, drop exclusivity and AGI clause
- China blocks Meta's $2B acquisition of AI startup Manus
- US budget airlines seek $2.5B in government aid due to jet fuel costs
- EU warns of potential jet fuel supply shortages after June if Hormuz remains blocked
- Nvidia stock hits new all-time high, surpassing October 2025 record