WS #6249
No material new developments in the last 30 minutes. The Iran conflict escalation, oil price surge, Fed rate hold, and mega-cap tech earnings split remain the dominant narratives with no new data points to report.
Key developments
- Brent crude surges to $119-$120/bbl as Iran closes Strait of Hormuz; US seeks hypersonic missile deployment
- Fed holds rates at 3.75% with record 4 dissents; Powell says independence at risk, will remain as governor
- GOOGL +7% after hours on cloud revenue beat; CEO says compute constrained
- META -6% after hours on raised 2026 AI capex to $125B-$145B
- AMZN -2% after hours despite EPS beat; capex of $44.2B slightly above expectations
- QCOM +12% after hours on earnings beat; auto and AI growth strong
- White House officials travel to Venezuela for energy/mining agreements; BP signs gas exploration deal
- US gasoline price hits record $4.23/gal due to Hormuz blockade