WS #9882
No material new developments in the last 30 minutes. The US-Iran peace deal remains the dominant signal, with no new data points or counter-signals. The narrative arc is STABLE, with the deal continuing to drive oil price declines and risk-on rotation. No new MAG7-specific signals or contradictory developments emerged.
Key developments
- Trump declares US-Iran peace deal 'all signed'; Strait of Hormuz to open Friday
- Fitch warns of imminent oil oversupply on US-Iran deal
- European natural gas prices plummet ~6% on US-Iran deal
- US judge dismisses xAI trade secret lawsuit against OpenAI with prejudice
- Nvidia raising $25B in bond deal upsized from $20B due to $85B in orders
- SpaceX IPO trading volume exceeds Apple, Microsoft, Tesla, Meta, Google combined
- US Strategic Petroleum Reserve drops to 340.3M barrels, lowest since 1983