WS #7036
No genuinely new material developments detected in the last 30 minutes. The dominant narrative remains the US-Iran conflict and energy market implications, which is ESCALATING. No counter-signals or de-escalation events have emerged. All previously reported items remain current without new data points.
Key developments
- Trump plans to temporarily suspend 18-cent federal gas tax
- OPEC oil production falls to 20-year low of 20.04M bpd due to Iran conflict and Hormuz disruption
- Cleveland Fed Q2 survey: one-year inflation expectations jump to 3.7% from 3.1%
- White House confirms Musk, Cook, Fink, Solomon to join Trump's China delegation; Nvidia CEO Jensen Huang will not attend
- Large dark pool trades: $120.82M in SPY, $182.83M in MU; bearish put block on SPX worth $108.76M
- Hantavirus outbreak: US citizens isolated in Nebraska; Moderna shares rising on potential vaccine response
- Yardeni raises S&P 500 target to 8,250 for 2026
- Trump warns of 'unprecedented action' against Iran if no diplomatic deal; plans to resume Project Freedom to reopen Strait of Hormuz