WS #8736
No genuinely new developments in the last 30 minutes. The dominant narrative of US-Iran tensions and oil price surge remains unchanged, with no counter-signals or de-escalation. IBM's surge and OPEC+ quota adjustment are carry-forward items with no new data. The window is stable with no material changes.
Key developments
- Iran halts all peace talks, threatens Strait of Hormuz blockade; oil surges 7%+
- IBM surges 9% after resurfaced Trump video praising CEO adds $24B in market cap
- Barry Diller's People Inc. proposes $18B+ buyout of MGM Resorts at $48.30/share
- Citizens initiates Microsoft coverage with Market Outperform, $550 target
- OPEC+ likely to raise July output quota by 188,000 bpd at Sunday meeting