WS #6216
No genuinely new developments in the last 30 minutes. The dominant macro narrative remains the Iran war and energy market implications, with no material changes to report. The Fed decision and tech earnings are still pending, and no counter-signals have emerged to offset the prevailing energy crisis narrative.
Key developments
- White House confirms Trump discussed extending Iran blockade for months
- Ukraine strikes Russian oil infrastructure: Tuapse refinery (3rd time) and Perm pumping station
- UAE confirms OPEC exit; Russia warns of potential oil glut and price drop
- O-I Glass plunges 16% after cutting FY26 guidance due to higher global energy costs from Middle East war
- Citi forecasts $150/bbl oil if Strait of Hormuz closure persists through June
- UK refineries asked to maximize jet fuel production amid supply fears
- OpenAI shifts strategic focus from Microsoft toward Amazon; Blackstone forms new AI unit
- US core capital goods orders rise by most in nearly six years