WS #13254
Iran denies any deal to reopen the Strait of Hormuz, contradicting Trump's claim, keeping oil supply risk elevated and supporting energy prices. OPEC+ approved a 188,000 bpd production increase for September, completing the unwinding of 2023 cuts, but analysts say the impact is limited while Hormuz remains constrained. SpaceX stock has fallen from $225 to ~$108 post-IPO, with short sellers gaining $8.7B, and the company announced a bond sale to fund AI plans, raising concerns.
Iran denies Hormuz deal, conflict escalates
Iran denies any deal to reopen the Strait of Hormuz, contradicting Trump's claim, keeping oil supply risk elevated and supporting energy prices.
OPEC+ approved a 188,000 bpd production increase for September, completing the unwinding of 2023 cuts, but analysts say the impact is limited while Hormuz remains constrained.
SpaceX stock has fallen from $225 to ~$108 post-IPO, with short sellers gaining $8.7B, and the company announced a bond sale to fund AI plans, raising concerns.