WS #6326
No material new developments in the last 30 minutes. The dominant narrative remains unchanged: Iran peace proposal via Pakistan, US naval blockade, and mixed oil market signals. No new counter-signals or non-dominant-narrative developments detected.
Key developments
- Iran submits new proposal to US via Pakistan, oil prices fall
- Pentagon signs AI deals with Nvidia, Microsoft, Google, Amazon, SpaceX, OpenAI for classified work
- Apple reports record Q2 revenue of $111.2B, beats estimates, warns of memory cost pressures
- Chevron beats Q1 EPS estimates ($1.41 vs $0.92), but downstream loss weighs
- Two Fed officials dissent, signal rate cut no longer likely next move
- Ukraine strikes cost Russia $7B in oil revenue, strikes on Tuapse and Perm refineries
- Strait of Hormuz shipping down 90%, UN warns 45M at risk of famine
- Exxon and Chevron refuse White House plea to boost drilling