WS #6227
No material new developments in the last 30 minutes. The Iran conflict escalation and oil price spike remain the dominant signals, with no counter-signals or de-escalation emerging. The previous synthesis accurately captures the current state.
Key developments
- Trump rejects Iran's proposal to reopen Strait of Hormuz; Brent crude tops $118
- Pentagon prepares plans for potential wave of strikes on Iran; war cost reaches $25B
- Senate Banking Committee advances Kevin Warsh nomination for Fed Chair
- NXP Semiconductors surges 26% after Q1 earnings beat; data center revenue to double
- MAG7 earnings after the bell: Amazon, Alphabet, Meta, Microsoft report