WS #13255
Iranian state media and officials deny any agreement to reopen the Strait of Hormuz, contradicting Trump's claim of a near-term deal, keeping oil prices elevated and energy stocks supported. OPEC+ approved a 188,000 bpd production increase for September, completing the unwinding of 2023 cuts, but analysts note it is largely symbolic as Hormuz constraints limit actual supply, providing a counter-signal to oil price spikes. SpaceX shares have fallen sharply from post-IPO highs, with short sellers gaining and upcoming earnings and share unlock adding uncertainty.
Iran denies Hormuz deal, conflict escalates
Iranian state media and officials deny any agreement to reopen the Strait of Hormuz, contradicting Trump's claim of a near-term deal, keeping oil prices elevated and energy stocks supported.
OPEC+ approved a 188,000 bpd production increase for September, completing the unwinding of 2023 cuts, but analysts note it is largely symbolic as Hormuz constraints limit actual supply, providing a counter-signal to oil price spikes.
SpaceX shares have fallen sharply from post-IPO highs, with short sellers gaining and upcoming earnings and share unlock adding uncertainty.