WS #13247
No material new developments in the last 30 minutes. The dominant narratives (US-Iran tensions, AI selloff, Apple supply constraints) remain unchanged with no new data points or counter-signals.
Topics
Key developments
- Iran denies any agreement to reopen Strait of Hormuz, contradicting Trump's claim
- OPEC+ approves 188,000 bpd output increase for September, completing unwinding of 2023 cuts
- SOX plunges 21% in July, worst month since 2008, on AI spending concerns
- Apple faces memory shortage constraining September quarter supply; JP Morgan cuts price target
- Microsoft's record $450B single-day market cap gain on Azure strength