WS #8865
No material new developments in the last 30 minutes. The Iran conflict escalation narrative remains dominant with no counter-signals or de-escalation reported. Oil and defense stocks continue to be the primary beneficiaries.
Key developments
- Iran launches missile strikes on Kuwaiti bases; Kuwait intercepts threats
- UKMTO reports vessel struck by unknown projectile near Umm Qasr, Iraq
- US Treasury sanctions Iran's biggest crypto exchange
- Bitcoin drops 5.85% to ~$67k; altcoins down 5-10%
- Computex confirms AI buildout; SMCI +7%, AMAT +7%, LRCX +5.5%, ASML +4.7%
- Strait of Hormuz disruption: urea prices up 70%, oil supply risk