WS #12700
No material new developments in the last 30 minutes. The dominant narrative remains the US-Iran conflict and elevated oil prices, with no new counter-signals or de-escalation. The SK Group-Nvidia partnership and Intel earnings are unchanged from the previous synthesis.
Topics
Key developments
- Iran rejects US peace proposal, IRGC stops four ships in Strait of Hormuz
- Houthi rebels claim missile strikes on Saudi Aramco facilities in Jizan and Yanbu
- SK Group and Nvidia announce $500B+ partnership for AI factories and HBM memory
- Intel Q2 earnings beat: EPS $0.42 vs $0.21 est., revenue $16.13B vs $14.43B est.
- SLB Q2 earnings beat: EPS $0.55 vs $0.51 est., data center solutions revenue up 80% YoY
- US imposes 10% tariff on India under Section 301, India placed in lower tier
- Trump threatens 100% tariffs on generic drugs starting 2028
- EU fines Google €890 million under Digital Markets Act; Trump threatens Section 301 investigation into EU