WS #13335

The dominant theme remains the fragile US-Iran de-escalation, which is STABLE but with mixed signals: Trump claims US control of the Strait of Hormuz and ongoing talks, while Iran denies negotiations and US officials say no new talks are planned. Oil is down ~5-6% (Brent ~$83, WTI ~$79.8), supporting equities. Amazon crossed $3 trillion market cap (+5.2% to ~$285.7) on strong Q2 cloud/AI results, a major positive for tech. Boeing's 737-7 received FAA type certificate, clearing path to deliveries. Apple faces regulatory headwinds: Russia opened an antitrust case (potential $50M fine) and UK legal challenge over iCloud backdoor. Chip stocks (AMD, Micron, Intel) are sliding pre-earnings, with AMD reporting Tuesday. IMAX hit all-time high on record box office. SpaceX stock down 50% from peak ahead of lock-up expiry. Counter-signal: Trump urging oil companies to cut retail prices could pressure energy margins.