WS #9508
No material new developments in the last 30 minutes. The US-Iran military confrontation narrative remains at the same escalation level with no new confirmations or counter-signals. The previous synthesis already captured the key events and market reactions.
Key developments
- US confirms strikes on Iran; explosions reported across multiple cities
- Microsoft Xbox plans major layoffs and 'reset' after revenue decline
- US Treasury eases Venezuela sanctions, opening oil and financial flows
- Chevron and YPF to sign contracts for $3B Argentina shale NGL project
- May inflation rises 4.2% driven by fuel prices from Strait of Hormuz closure