WS #6983
No material new developments in the last 30 minutes. The US-Iran standoff narrative remains unchanged with no new data points or counter-signals. The previous synthesis accurately captures the current state.
Key developments
- Trump rejects Iran's peace proposal as 'totally unacceptable'; Iran defiant
- Oil market runs down safety cushions as supply shock worsens; US hits Iran-flagged tankers
- Natural rubber prices hit nine-year highs on Iran tensions