WS #6467
No material new developments in the last 30 minutes. The dominant US-Iran conflict narrative and counter-signal (Project Freedom) remain unchanged. No new data points or de-escalation signals detected.
Key developments
- Trump announces 'Project Freedom' to escort ships through Strait of Hormuz starting Monday
- Iran's 14-point peace proposal rejected by Trump as 'not acceptable'
- Ukraine strikes Russia's Primorsk oil port and shadow fleet tankers
- OPEC+ agrees to 188,000 bpd output hike for June, largely symbolic
- US gas prices surge 30+ cents to $4.446/gallon, highest since July 2022