WS #8905
No material new developments in the last 30 minutes. The Iran-US conflict narrative remains stable with no new military actions, diplomatic moves, or economic data. Oil prices continue at elevated levels but no new catalysts. The previous synthesis covers all relevant information.
Key developments
- US shoots down Iranian drones, strikes Iranian territory in self-defense; Kuwait airport damaged by UAV
- Netanyahu says Strait of Hormuz can be opened militarily, leaves escalation to Trump
- EIA crude inventory falls by 8M barrels vs 2.9M draw estimate
- OECD slashes global growth forecast, warns prolonged Hormuz disruption could drag growth to 1.8%
- Ukrainian drones hit St. Petersburg oil terminal, disrupt flights ahead of Putin's economic forum
- ASML becomes Europe's most valuable stock ever on AI boom
- Private credit stocks fall after Cliffwater redemption requests; SDNY prosecutors scrutinizing marks
- House to vote on Trump's power to continue war in Iran