WS #13263
No material new developments in the last 30 minutes. The US-Iran conflict remains in a de-escalating phase with no new data points, and the Tesla/Apple narratives are unchanged. The market continues to digest the OPEC+ output hike and AI trade resilience, but nothing new has emerged to alter the prevailing outlook.
Topics
Key developments
- Iran denies any Hormuz reopening deal with US, contradicting Trump's claim
- OPEC+ approves 188,000 bpd output hike for September, completing voluntary cut unwind
- Tesla faces overhang from China business separation and SpaceX merger reports
- Monolithic Power Systems raises enterprise data growth outlook to 130%, signaling AI demand strength
- Apple faces RAM shortage affecting MacBook Air supply, but Q2 earnings beat with record services