WS #6391
No material new developments in the last 30 minutes. The Iran-US conflict narrative remains dominant with no de-escalation signals. Oil prices continue above $105 WTI, and the Strait of Hormuz disruption persists. No counter-signals or non-dominant-narrative developments have emerged.
Key developments
- Iran warns war with US will 'likely' resume; Trump rejects peace proposal
- US warns shipping firms against paying Iran tolls for Strait of Hormuz passage
- Spirit Airlines ceases operations after creditors reject bailout
- Apple CEO Tim Cook warns of extended memory crunch
- US announces withdrawal of 5,000 troops from Germany
- Yen surges to 155 against dollar amid suspected BOJ intervention
- OPEC+ agrees in principle to small output quota increase for June
- Exxon and Chevron Q1 earnings fall despite oil price surge