WS #10700
No material new developments in the last 30 minutes. The Strait of Hormuz crisis remains the dominant theme, but no fresh attacks, policy responses, or de-escalation signals have emerged. The previous synthesis's narrative is unchanged.
Topics
Key developments
- Iran attacks Singapore-flagged cargo ship in Strait of Hormuz, per WSJ and US officials
- Iraq orders West Qurna-2 oil field to suspend production due to lack of empty tankers
- May PCE report interpreted as peak inflation for this mini-cycle, crude collapse from ~$100 to ~$70
- Apple shares plunge after hiking iPad and laptop prices
- Microsoft stock sliding to new 52-week low