WS #6738
No material new developments in the last 30 minutes. The Strait of Hormuz de-escalation narrative remains dominant and unchanged. No counter-signals or new data points to report.
Key developments
- French container ship completes rare transit through Strait of Hormuz, signaling de-escalation
- Broadcom sinks 4%+ as OpenAI $18B chip deal hits financing snag
- Fed's Hammack warns inflationary mindset becoming entrenched
- Whirlpool warns of 'recession-level' slump, slashes forecast and hikes prices
- Bitcoin dips below $80K amid profit-taking; Kashkari dismisses crypto impact
- Senate moving forward with crypto market structure bill, potential Thursday vote
- US sanctions Iraqi deputy oil minister for aiding Iran oil sales
- Alcoa upgraded by Wells Fargo on aluminum strength from Iran war disruptions