WS #13336
Trump claims talks with Iran are ongoing and US controls Strait of Hormuz, but Iran denies and US officials say no new talks planned; oil drops ~5-6% (Brent ~$83, WTI ~$79.8) supporting equities. FAA certifies Boeing 737-7, clearing the smallest MAX variant for commercial service; Southwest prepares for first deliveries. SpaceX shares have fallen over 50% from peak, erasing $1.2 trillion in value, as August 6 lock-up expiry and Starship setbacks compound warnings of overvaluation.
US-Iran de-escalation and oil price drop
Trump claims talks with Iran are ongoing and US controls Strait of Hormuz, but Iran denies and US officials say no new talks planned; oil drops ~5-6% (Brent ~$83, WTI ~$79.8) supporting equities.
FAA certifies Boeing 737-7, clearing the smallest MAX variant for commercial service; Southwest prepares for first deliveries.
SpaceX shares have fallen over 50% from peak, erasing $1.2 trillion in value, as August 6 lock-up expiry and Starship setbacks compound warnings of overvaluation.