WS #10726
No material new developments in the last 30 minutes. The Strait of Hormuz crisis, tech selloff, and Micron counter-signal remain unchanged. No new data points to alter the prevailing narrative.
Topics
Key developments
- Iran attacks cargo ship in Strait of Hormuz, escalating oil chokepoint risk
- Apple raises prices on devices due to rising memory costs, shares down 6.12%
- Micron's blockbuster forecast drives semiconductor stocks higher (AMAT +13.4%, LRCX +7.2%, ASML +4.5%)
- Ukrainian drone strikes on Russian oil refineries trigger fuel panic-buying; Putin addresses crisis
- Trump signs agriculture executive order; will soon buy wheat, soybeans, corn from Iran