WS #7633
No material new developments in the last 30 minutes. The dominant narrative remains the escalating Middle East geopolitical risk with oil above $100/bbl and Strait of Hormuz closed. No counter-signals or de-escalation emerged. The previous synthesis covers all active themes.
Key developments
- White House rejects Iran's revised nuclear offer as insufficient, war risk escalates
- US Treasury extends Russian oil sanctions waiver for 30 days
- Chip stocks surge: SMH up 40% since April, DA Davidson raises NVDA PT to $300
- Cognizant boosts 2026 buyback target to $2B, $1B expected in Q2
- Adani Enterprises settles OFAC probe for $275M over Iran sanctions
- MicroStrategy mulls Bitcoin sale to buy back $1.5B debt
- White House crypto chief hints at Strategic Bitcoin Reserve announcement