WS #13257
No material new developments in the last 30 minutes. The US-Iran/Hormuz standoff remains in a contradictory phase with no new data points, and the AI trade bifurcation and Fed uncertainty are unchanged. Key developments array is empty as nothing genuinely new has surfaced.
Topics
Key developments
- Iran denies any agreement to reopen Strait of Hormuz, calling reports 'false'
- OPEC+ approves 188,000 bpd September production increase, completing rollback of 2023 cuts
- Ukrainian drones strike major Russian oil refinery and Wildberries hub, escalating supply disruption
- SpaceX to report first earnings as public company on Tuesday, testing AI spending narrative
- Tesla shares down 17% post-earnings, Musk's wealth plunges $600B on SpaceX/Tesla decline
- Fed Chair Warsh's no-guidance policy and evenly split committee keep rate path uncertain