WS #6637
No genuinely new market-moving developments in the last 30 minutes. The US-Iran de-escalation narrative remains the dominant signal, with no new diplomatic updates or counter-signals. The previous synthesis already captured the key developments, and no material changes have occurred.
Key developments
- US and Iran nearing preliminary peace deal; Iran evaluating new US proposal
- France announces maritime coalition ready to escort tankers in Strait of Hormuz
- Iran has not yet responded to latest US proposal, citing unacceptable provisions
- Massive oil short trade of nearly 10K contracts worth $920M placed ahead of diplomatic news
- Benchmark raises AMD price target to $485, Susquehanna to $450
- US Supreme Court declines to pause order holding Apple in contempt in Epic Games case