WS #12809
Oil prices dropped ~4% after US and Iran paused strikes, with Polymarket S&P 500 up open odds at 88%, but Trump's Kharg Island image and active Polymarket markets on Iranian islands suggest residual risk. Baker Hughes reported Q2 EPS $0.64 vs $0.50 estimate, a 28% beat, positive for energy sector but likely overshadowed by oil price decline.
US-Iran De-escalation and Oil Price Drop
Oil prices dropped ~4% after US and Iran paused strikes, with Polymarket S&P 500 up open odds at 88%, but Trump's Kharg Island image and active Polymarket markets on Iranian islands suggest residual risk.
Baker Hughes reported Q2 EPS $0.64 vs $0.50 estimate, a 28% beat, positive for energy sector but likely overshadowed by oil price decline.