WS #7706
No material new developments in the last 30 minutes. The dominant narrative remains the Iran conflict and energy supply squeeze, with no counter-signals or de-escalation reported. All previously reported items (IEA warning, Bessent sanctions, ECB Nagel, NextEra-Dominion M&A, Micron target hike, Canada CPI) are unchanged and carry forward as ongoing.
Key developments
- IEA warns Iran war rapidly draining commercial oil inventories; global oil supply expected to fall 3.9M bpd in 2026
- US Treasury's Bessent at G7: expects European partners to support Iran sanctions, reviewing sanctions list
- 30-year US Treasury yield hits 5.177%, highest since 2007; TLT worst 7-day slide in 13 months
- Former OpenAI researcher's hedge fund bets against Nvidia and AI chip stocks
- NextEra (NEE) acquiring Dominion (D) for $67B to power data centers
- ECB's Nagel says ECB may 'have to do something' as Iran shock persists
- Canada CPI 2.8% vs 3.1% forecast, core cools; BoC may stay patient
- Meta to conduct May 20 layoffs in three batches globally