WS #8118
No material new developments in the last 30 minutes. The dominant US-Iran deal narrative remains unchanged, with no new confirmations or counter-signals. Other geopolitical events (Israeli airstrikes, Turkish police actions) are noise. Energy supply disruptions from Ukraine's strikes on Russian infrastructure are ongoing but not escalated. Market conditions stable.
Key developments
- US and Iran agree in principle to reopen Strait of Hormuz
- Israeli airstrikes kill 14 in southern Lebanon despite ceasefire
- Ukrainian strike disables 90-100% of Ryazan refinery capacity
- Goldman Sachs reports rotation from software to semiconductors