WS #6603
No material new developments in the last 30 minutes. The Iran/Strait of Hormuz crisis remains escalated with no new reports of strikes or diplomatic moves. The Ukraine ceasefire is still pending. No new corporate or macro data points have emerged. The dominant narrative from the previous window persists unchanged.
Key developments
- Iran launches missiles and drones near US warships; tanker struck in Strait of Hormuz
- Brent oil rises above $114/bbl on Strait of Hormuz tensions
- Putin orders ceasefire for May 8-9; Ukraine strikes Russian oil infrastructure
- Qualys raises FY guidance but Q2 EPS misses estimates
- Spirit Airlines ceases operations; Delta cancels flights