WS #13243
No material new developments in the last 30 minutes. The dominant themes remain unchanged: the US-Iran de-escalation narrative is stable but fragile, with Iran's denial of any Strait of Hormuz reopening agreement still uncorroborated by Western sources, and the AI infrastructure selloff continues with NVIDIA's divergence intact. No new counter-signals or non-dominant-narrative developments have emerged to alter the current market outlook.
Topics
Key developments
- Iran denies any Hormuz deal, strait remains closed
- OPEC+ to raise September output by 188,000 bpd
- AI infrastructure stocks rebound on strong cloud earnings
- DRAM price surge raises component costs for Apple and Microsoft
- Elon Musk's wealth plunges over $600B as SpaceX and Tesla tumble