WS #9936
No material new developments in the last 30 minutes. The dominant narrative remains the Russia-Ukraine energy war escalation and the US-Iran de-escalation, with no new data points to update the previous synthesis.
Key developments
- Ukrainian drone strike halts operations at major Moscow oil refinery
- US and Iran to sign memorandum in Geneva this Friday
- SpaceX acquires Cursor for $60B all-stock; market cap surpasses Amazon at $2.7T
- Trump announces reinstatement of Russian oil sanctions
- Import prices surge 1.9% MoM vs 1.0% forecast
- Canada announces 162 new sanctions against Russia targeting shadow fleet
- Novo Nordisk to seek Wegovy pill approval in China
- Yum Brands to sell Pizza Hut for $2.7B