WS #8873
The Iran-US conflict continues to escalate with fresh missile strikes and counter-strikes, while diplomatic talks remain stalled. Iran's Revolutionary Guards claimed responsibility for missile strikes on US bases in Kuwait, and the US struck Iranian military sites on Qeshm Island. Oil prices rose over 1% on the escalation, with WTI at $94.81 and Brent at $96.84. Separately, SpaceX plans to raise $75 billion in an IPO at $135 per share, with CEO Elon Musk facing a 366-day lockup. Bitcoin fell sharply to $66,790 (-6.41%), reflecting risk-off sentiment. The dominant narrative is the Iran-US conflict, which is ESCALATING.
Key developments
- Iran claims missile strikes on US bases in Kuwait; US strikes Iranian military sites on Qeshm Island
- Oil prices rise over 1% as U.S.-Iran strikes escalate
- SpaceX plans $75B IPO at $135 per share; Musk faces 366-day lockup
- Bitcoin plunges 6.41% to $66,790 amid geopolitical risk-off
- Trump administration drops $1.8bn 'compensation fund'