WS #9306
No material new developments in the last 30 minutes. The dominant Iran-Israel conflict narrative remains stable with no escalation or de-escalation signals beyond what was previously reported. Oil prices and corporate news unchanged.
Key developments
- IDF issues evacuation warnings for Tyre, Lebanon; Netanyahu says operations against Hezbollah will continue beyond current phase
- OPEC production hits 40-year low; Strait of Hormuz blockade continues; Brent at $94.60, WTI at $91.47
- Marvell Technology (MRVL) surges after S&P 500 addition, gains ~$33B in market cap
- SpaceX IPO well oversubscribed, orders close Wednesday; Morningstar valuation 53% below IPO price
- Strategy (MSTR) resumes Bitcoin buying, purchases 1,550 BTC for $101.3 million
- BofA raises price targets on Cisco to $150 and Arista Networks to $200
- UBS maintains Nvidia has edge over AMD on agentic AI demand
- Whale buys $3.56M bullish QQQ calls, betting on Nasdaq-100 strength