WS #6559
No material new developments in the last 30 minutes. The dominant US-Iran Strait of Hormuz narrative continues to escalate with no counter-signals or de-escalation. Intel's Apple processor talks and GameStop's eBay bid remain unchanged. No new data points to report.
Key developments
- Iran claims Strait of Hormuz closed at its discretion; US military sinks Iranian boats
- Ukraine drone strikes halt processing at Kirishi oil refinery (400k bpd) near St. Petersburg
- Intel surges over 12% on Apple chip manufacturing talks
- Michael Burry sells entire GameStop stake, warns of excessive leverage in eBay bid
- US New Home Sales for March beat expectations at 682K vs 652K est.