WS #6445
No genuinely new material developments detected in the last 30 minutes. The dominant narrative remains the energy crisis and its second-order effects, with no counter-signals or de-escalation events observed.
Key developments
- Bulk carrier attacked near Strait of Hormuz, 24th incident since war began
- OPEC+ agrees 188,000 bpd output hike for June, largely symbolic due to Hormuz closure
- Spirit Airlines ceases operations, 17,000 jobs lost
- Iran submits 14-point peace proposal; Trump says Iran hasn't 'paid enough'
- Fed's Kashkari warns rate cuts off table, hikes possible if Hormuz closure persists
- Meta stock down 8%+ on user miss and $10B CapEx increase
- Apple beats Q1 estimates with 22% EPS growth, but supply constraints loom
- Ukraine strikes Russian oil tankers and Primorsk terminal