WS #13274
No material new developments in the last 30 minutes. The dominant US-Iran/oil narrative remains DE-ESCALATING with no new data points, and no counter-signals or non-dominant-narrative developments have emerged. The MAG7 divergence and Fed credibility concerns persist but with no fresh catalysts.
Topics
Key developments
- Trump cancels Iran strike, cites deal to reopen Hormuz; Iran-Oman talks in final stages
- LNG carrier GasLog Shanghai struck and disabled in Strait of Hormuz
- Amazon earnings surge 15.3% on AI cloud growth; Microsoft rallies on AI outlook
- Meta FCF drops 91% in Q2, signaling AI cost burden
- Tesla considers exiting China market, weighing sale or shutdown
- St. Louis Fed's Musalem advocates rate hike as 30Y yield tops 5.2%
- Ukraine drone strikes cripple 30%+ of Russian refining capacity