WS #9476
No material new developments in the last 30 minutes. The Iran conflict narrative remains stable with no de-escalation or counter-signals. No new data points to alter the prevailing market-moving themes.
Key developments
- Trump says US will hit Iran 'again hard today', oil prices surge
- OPEC oil output falls to 16.13M bpd in May, lowest since 2000, due to US blockade of Iran
- OpenAI expects to go public within the next year, preps new AI model
- Bank of Canada holds rates at 2.25% as economy shrinks, cites US trade and Iran war
- Trump says not looking to renew USMCA, trade uncertainty rises
- Israeli strikes in southern Lebanon kill 17, conflict widens
- EIA forecast: oil over $100 for months even under optimistic Strait of Hormuz reopening scenario
- Inflation back above 4% for first time since 2023, raising questions about Fed rate cuts