WS #7055
The dominant signal in this window is the further escalation of the Iran crisis. Trump has declared the ceasefire on 'massive life support' after rejecting Iran's latest proposal, calling it 'garbage'. This is corroborated by multiple sources (BBC, Guardian, Al Jazeera, Bloomberg, and multiple Bluesky posts). The Strait of Hormuz remains shut, with the US Navy burning $30M/day on the blockade. Oil prices are surging, with Polymarket showing WTI closing above $97 on May 11. Counter-signals include Trump voicing support for a gasoline tax holiday to counter rising prices. Separately, activist investor Palliser has built a stake in Intertek, which is an EQT takeover target. In company-specific news, Google thwarted an AI-powered cyberattack, and Monday.com jumped on earnings. The Iran narrative is ESCALATING.
Key developments
- Trump says Iran ceasefire on 'massive life support', rejects Iranian proposal as 'garbage'
- Activist Palliser Capital builds stake in EQT takeover target Intertek
- Google thwarts AI-powered mass exploitation event, launches quantum-AI initiative
- US Navy burns $30M/day on Hormuz blockade; oil prices surge
- Monday.com stock jumps on AI work platform growth and 32% surge in big clients