WS #13313

The dominant market theme is a sharp de-escalation in US-Iran tensions, with oil prices plunging ~7% (Brent $83.62, WTI $78.95) after Trump halted Iran strike plans and announced talks resume Monday. However, Iran has rejected a US proposal on the Strait of Hormuz, stating it will remain closed until the conflict concludes, creating a counter-signal that could reverse the oil selloff. OPEC+ approved a 188k bpd increase for September, adding bearish pressure. The dollar is tumbling after Japan's yen intervention (up to $44bn), with US/Japan warning of more action. In equities, Amazon hit $3 trillion market value for the first time, with Jim Cramer issuing a 'buy' call and strong gap-up breakout; Alibaba surged 7% on new AI model (Qwen3.8-Max), driving China tech rotation. Fed's July statement showed 3 dissents favoring a hike, and Waller's speech highlighted core inflation at 3.4%, signaling hawkish risk. Bitcoin remains weak at ~$62,600, pressured by Strategy's continued BTC sales and a coldcard hack, though BlackRock expanded tokenized cash products.