π° Hourly Briefing | 2026-06-14 12:00 CST
SpaceX IPO underwriting fees estimated at $500M total, Goldman and Morgan Stanley each to receive ~$100M; No commercial vessels using Iranian waters in Hormuz Strait; US-Iran deal details continue to unfold.
π° Hourly Briefing | 2026-06-14 12:00 CST
π Market Overview (Weekend market closed; prices reflect Friday close)
| Asset | Last Price | Change | % Change |
|---|---|---|---|
| Gold XAUUSD | 4,217.05 | -5.66 | -0.13% |
| WTI Crude USOIL | 84.82 | -2.35 | -2.70% |
Gold closed the week around 4,217, holding in a tight range near highs. Oil saw a notable weekly decline of ~2.7%, reflecting growing optimism around the imminent US-Iran deal. With weekend markets closed, direction for Monday’s open hinges on whether the deal is formally signed.
π₯ Key News This Hour
WSJ citing regulatory filings disclosed SpaceX IPO underwriting fees totaling ~$500M (0.7% of $75B raise), with Goldman Sachs and Morgan Stanley each receiving ~$100M. This is the most concrete financial detail from the IPO so far.
Iran’s IRGC Navy issued radio warnings on the 13th prohibiting vessels from transiting the Strait of Hormuz. Shipping data confirms zero commercial vessels have used Iranian waters in the past 24 hours, with traffic rerouting via the Omani side. Iran’s Foreign Ministry subsequently stated it “must receive fees for services rendered in the Strait,” hinting at transit fees as a negotiating chip.
US Central Command revealed it forced 141 vessels to change course and disabled 9 during Iran’s naval blockade operation, while allowing 42 humanitarian aid ships through. The US rarely publishes such specific interdiction data.
Israeli officials told Channel 12 that the US-Iran memorandum of understanding would “endanger Israel’s security interests,” and Israel is urgently pressuring to block the unfreezing of $24 billion in Iranian assets.
A US Marine Corps F/A-18 Super Hornet crashed in Washington state during routine training; the pilot ejected safely. The crash sparked a wildfire.
π§ Market Assessment
SpaceX IPO pricing details emerging β $75B raise at 0.7% underwriting fee is in line with market norms; the key test remains Monday’s secondary market debut performance.
Hormuz Strait dynamics are showing a notable split: IRGC still issuing warnings and Iran’s FM demanding transit fees, while the Deputy National Security Secretary previously claimed transit would resume unimpeded β contradictory signals from the same camp suggest Tehran has not unified its stance on strait control.
Israel’s vocal opposition to the US-Iran MOU and its focus on the $24B frozen assets represents the single biggest external variable threatening the deal’s completion.
The US military’s rare publication of 141-rerouted, 9-disabled interception figures serves dual purposes: projecting military dominance and building leverage for further negotiations.
Oil’s 2.7% Friday decline has partially priced in the deal expectation. If the deal is signed this weekend, Monday’s open could see further modest downside; if signing is delayed, meaningful upside pressure returns.
β° Upcoming Key Events
Weekend β no major economic data releases. Key items to watch:
- US-Iran MOU electronic signing progress (could complete at any time)
- Trump’s 80th birthday (today) and White House UFC event
- SpaceX IPO follow-up pricing and allocation details
- G7 Summit dynamics and US-Iran deal’s impact on global energy landscape